Michigan business news

TerrAscend to Close Marijuana Operations in Michigan by 2025

News Summary TerrAscend Corp. plans to shut down its marijuana operations in Michigan by September 2025, affecting around 20 dispensaries…

4 weeks ago

TerrAscend Exits Michigan Cannabis Market

News Summary TerrAscend Corp. has announced its decision to exit the Michigan cannabis market due to financial challenges, closing all…

4 weeks ago

Michigan and Ohio Auto Industry Faces Major Challenges

News Summary The auto industry in Michigan and Ohio is experiencing significant upheaval as unemployment rates soar. Factors such as…

4 weeks ago

U.S. House Passes Trump’s Major Tax and Spending Bill

News Summary The U.S. House of Representatives has passed President Trump's tax and spending bill, known as the 'One Big…

4 weeks ago

Michigan Sees Increase in Unemployment Claims Despite National Decline

News Summary Initial unemployment claims in Michigan have surged to 6,748, marking a troubling trend amidst a decline nationwide. This…

4 weeks ago

Michigan Sees Drop in Initial Unemployment Claims

News Summary Initial unemployment claims in Michigan declined to 5,939 last week, showing signs of potential stabilization in the labor…

1 month ago

Beacon Health System Completes Acquisition of Ascension Hospitals

News Summary Beacon Health System has successfully acquired Ascension Southwest Michigan, rebranding four hospitals and 35 outpatient clinics. This strategic…

1 month ago

Eastern Market Brewing Co. Leads Craft Beer Sales Growth in Michigan

News Summary Eastern Market Brewing Co. (EMBC) in Detroit reports a remarkable 59% sales increase, making it the ninth-largest brewer…

1 month ago

Consumer Sentiment Soars and Dives: June Shows Improvement

News Summary Recent data from the University of Michigan highlights a dramatic decline in consumer sentiment, reaching historic lows despite…

1 month ago

Major Layoffs Hit Michigan as Seven Companies Cut Jobs

News Summary In Michigan, seven companies have announced significant layoffs affecting approximately 700 workers this month. The workforce reductions stem…

1 month ago