Michigan Business News

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Graphic showing marijuana leaf combined with road construction elements
Michigan Business News

Michigan Implements 24% Wholesale Marijuana Tax for Road Repairs

News Summary Michigan Governor Gretchen Whitmer has introduced a new 24% wholesale tax on marijuana sales to generate funding for state road repairs. This tax, expected to raise $420 million annually, has faced criticism from the cannabis industry, which warns it may drive consumers to the black market. As Michigan

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Cannabis plant with road construction background
Michigan Business News

Michigan Approves New 24% Wholesale Tax on Recreational Cannabis

News Summary Michigan lawmakers have approved a new 24% wholesale tax on recreational cannabis, set to take effect on January 1, 2026. This tax aims to generate approximately $420 million annually for road construction and repairs. However, the Michigan Cannabis Industry Association (MCIA) has filed a lawsuit, arguing that this

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New In-N-Out restaurant in Tennessee with happy customers
Michigan Business News

In-N-Out Expands to Tennessee with New Locations

News Summary In-N-Out is set to open five new locations, marking its first entry into Tennessee, alongside additional outlets in California and Colorado. The expansion includes three locations in Tennessee, indicating a strategy to enter the Southeastern U.S. market, while fans in Michigan will still have to travel to other

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Illustration of Michigan's budget allocation for 2026 showing community services.
Michigan Business News

Michigan Governor Signs $81 Billion Budget for 2026

News Summary Governor Gretchen Whitmer has signed a bipartisan $81 billion budget for fiscal year 2026, focusing on road repairs, public safety, tax cuts, and healthcare investments. The budget allocates $2 billion for road repairs funded partly by a cannabis tax hike and includes substantial healthcare funding of $29.8 billion

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Inside a Michigan cannabis dispensary with customers and products on display.
Michigan Business News

Michigan’s Cannabis Industry Faces New Tax Challenges

News Summary Michigan’s cannabis industry is preparing for significant challenges as a new 24% wholesale tax on marijuana is set to be implemented in January 2026. This tax, approved by the Michigan Senate, aims to generate around $420 million annually for state infrastructure but raises concerns among industry leaders about

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Exterior view of the new Hot 'n Now fast food restaurant in Wayland, MI
Michigan Business News

Wayland, MI Welcomes New Hot ‘n Now Fast Food Location

News Summary Hot ‘n Now is set to open a new fast food location in Wayland, Michigan on October 13, 2023, at 10:30 a.m. This drive-thru restaurant will offer extended hours and a variety of popular menu items. With a focus on quick service, Hot ‘n Now aims to cater

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Road construction in Lansing funded by marijuana tax
Michigan Business News

Lansing Implements 24% Wholesale Marijuana Tax for Roads

News Summary Michigan has approved a 24% wholesale tax on marijuana to generate an estimated $420 million annually for road infrastructure improvements. This tax, effective January 1, aims to align marijuana taxation with alcohol and support the state’s aging infrastructure. While it will raise consumer prices, it does not fully

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Road construction in Michigan for transportation improvements
Michigan Business News

Michigan Approves $1.1 Billion Transportation Funding Boost

News Summary On October 3, Michigan lawmakers approved significant revenue changes, directing approximately $1.1 billion in new funding for the transportation budget in FY2026. This marks the largest increase in transportation funding in nearly 50 years, aiming to address chronic infrastructure challenges. The funding package, part of a larger $75

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Protesters outside Michigan state Capitol regarding marijuana tax
Michigan Business News

Michigan Senate Approves 24% Tax on Marijuana Sales

News Summary The Michigan Senate has narrowly approved a 24% wholesale tax on marijuana sales, projected to generate $420 million for road repairs and construction. This decision, part of a budget agreement to prevent a potential government shutdown, has sparked mixed reactions across the political spectrum and raised concerns in

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Protesters rallying against high cannabis taxes in Michigan
Michigan Business News

Proposed 24% Wholesale Tax on Michigan Cannabis Industry

News Summary A new proposal, House Bill 4951, aims to introduce a 24% wholesale tax on Michigan’s cannabis industry, raising the total tax rate to around 40%. This proposal has drawn significant criticism from industry leaders, who argue it could lead to job losses and higher retail prices, pushing consumers

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