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
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
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
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
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
News Summary As the October 1 deadline looms, Governor Gretchen Whitmer and bipartisan lawmakers in Michigan are working diligently to finalize the 2026 budget. With crucial components like the School Aid budget and road funding almost in place, the urgency is high to avoid a possible state government shutdown. Recent
News Summary The proposed 24% wholesale tax on marijuana in Michigan has drawn criticism from advocates and industry stakeholders, fearing it will hurt the struggling cannabis market. While the tax aims to generate funding for road repairs, operators warn it could lead to higher prices and push consumers to illicit
