Michigan business news

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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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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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Lawmakers in Michigan discussing budget negotiations
Michigan Breaking News

Michigan Governor and Lawmakers Race to Finalize 2026 Budget

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

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Conceptual illustration of cannabis plant and taxes
Michigan Business News

Michigan’s Proposed 24% Marijuana Wholesale Tax Faces Backlash

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

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A vibrant Michigan retail store filled with holiday shoppers and decorations
Michigan Business News

Michigan Retailers Face Sales Decline Ahead of Holidays

News Summary The Michigan Retailers Association reports a steady decline in retail sales over the past three months, raising concerns for retailers statewide. While recent figures show challenges, the association remains hopeful for an uptick during the upcoming holiday season. With a key date for holiday shopping set for October

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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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An artistic rendering of the Michigan State Capitol surrounded by symbols of various cryptocurrencies.
Michigan Business News

Michigan Moves Forward with Cryptocurrency Investment Bill

News Summary The Michigan House Bill 4087, which allows the state treasurer to invest in cryptocurrency, has advanced to a second reading. Introduced by Republican lawmakers, the bill outlines a framework for state investments in digital assets and includes security measures to manage these investments. However, it faces opposition from

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