Michigan Real Estate

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Michigan dispensary and road construction
Michigan Business News

Michigan Implements 24% Wholesale Tax on Marijuana Sales

News Summary Michigan Governor Gretchen Whitmer has signed a controversial bill imposing a 24% wholesale tax on marijuana sales, aimed at generating revenue for road repairs. While the new tax could yield $420 million annually, concerns arise over potential price hikes and decreased sales, which may hurt the legal cannabis

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Scenic view of Northern Michigan showcasing senior housing options.
Michigan Business News

Northern Michigan Faces Severe Senior Housing Shortage

News Summary Northern Michigan is experiencing a significant shortage of senior housing, with a projected shortfall of over 30,000 units by 2027. A recent assessment highlights the urgent need for affordable and appropriate options for seniors, especially those on fixed incomes. The challenges imposed by a growing elderly population, including

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Graphic depicting consumer sentiment trends in the U.S.
Michigan Business News

U.S. Consumer Sentiment Hits Five-Month Low

News Summary Consumer sentiment in the U.S. has declined to its lowest point in five months, falling to 55 in October. This marks the third consecutive month of decrease as households express concerns over rising unemployment and persistent inflation. While spending shows slight resilience, overall sentiment remains significantly below historical

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A gavel and justice scale with cannabis leaves
Michigan Business News

MCIA Files Lawsuit Against Michigan’s New Marijuana Tax

News Summary The Michigan Cannabis Industry Association (MCIA) has filed a lawsuit challenging a newly enacted 24% wholesale marijuana tax. Arguing it violates the Michigan Constitution, the MCIA claims the tax was improperly passed and seeks a court ruling to declare it invalid. With a projected revenue of $420 million

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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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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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Rally against cannabis tax at Michigan Capitol
Michigan Business News

Michigan Cannabis Industry Protests Proposed 24% Tax

News Summary On September 30, 2025, Michigan’s cannabis industry gathered in Lansing to protest a proposed 24% wholesale tax on marijuana products intended to fund road repairs. The tax has faced opposition from lawmakers and industry leaders who argue it could jeopardize the state’s growing cannabis market. The Michigan Cannabis

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Exterior view of the new Sheetz gas station and convenience store in New Baltimore.
Michigan Business News

New Baltimore Welcomes Sheetz Gas Station and Convenience Store

News Summary New Baltimore has opened a new Sheetz gas station and convenience store, marking the company’s third location in the metro Detroit area. Officially opened on September 23, the 12 fueling station facility provides 24/7 food options and community contributions, including donations to local charity organizations. Sheetz aims to

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Exterior view of the new Sheetz store in New Baltimore, Michigan
Michigan Business News

Sheetz Opens New Store in New Baltimore, Michigan

News Summary Sheetz has opened its third location in metro Detroit, located at 29050 23 Mile Road, New Baltimore. The 24-hour store features 12 gas stations and a diverse menu, contributing to the company’s plan to open 50 to 60 new stores in Southeast Michigan over the next few years.

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Business News

Home Remodel Costs in 2025: Kitchen, Bathroom, and More

    Understanding Home Remodel Costs in 2025: Kitchen, Bathroom, and Beyond Home remodeling remains a popular way to boost functionality, aesthetics, and property value in 2025, even amid fluctuating mortgage rates and material costs. Whether you’re updating a dated kitchen, creating a spa-like bathroom retreat, or transforming underutilized spaces

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