News Summary Dallas-based Sun Holdings has acquired casual dining chain Bar Louie following its Chapter 11 bankruptcy filing. This move comes just seven months after Bar Louie’s significant downsizing from 130 locations in 2018 to only 39 today. While Sun Holdings operates over 1,800 locations across the U.S., Bar Louie’s
News Summary Autokinition, formerly known as Oakland Stamping LLC, has announced plans to close five facilities in Southeast Michigan, resulting in the loss of 133 jobs. The closures will affect various locations in Detroit, with layoffs anticipated from December 5 to December 19. This decision highlights the ongoing challenges faced
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
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
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
News Summary The Michigan Cannabis Industry Association has filed a lawsuit against the state over a newly enacted 24% wholesale tax on cannabis that is set to take effect in 2026. The MiCIA argues this tax violates constitutional provisions and is an unlawful increase on the already imposed cannabis taxes.
News Summary Governor Gretchen Whitmer has enacted a new law in Michigan that exempts tips, certain overtime pay, and Social Security income from the state’s income tax. Effective next year, this legislation aims to help around 300,000 workers, saving them hundreds of dollars annually. The initiative aligns Michigan’s tax policy
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
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
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
