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 Governor Gretchen Whitmer has enacted a budget bill providing substantial tax relief for working Michiganders and seniors. By removing state taxes on tips, overtime pay, and Social Security benefits, the legislation is expected to save the average worker around $1,700 annually. This timely measure, effective until January 1,
News Summary Michigan Governor Gretchen Whitmer has introduced a new 24% wholesale tax on marijuana sales to generate funding for state road repairs. This tax, expected to raise $420 million annually, has faced criticism from the cannabis industry, which warns it may drive consumers to the black market. As Michigan
News Summary Governor Gretchen Whitmer of Michigan has announced a new 24% tax on wholesale marijuana sales, set to take effect on October 7, 2025. This tax aims to generate approximately $420 million annually for road repairs and infrastructure improvements. While the tax targets transactions from growers to retail dispensaries,
News Summary Governor Gretchen Whitmer has signed a bipartisan $81 billion budget for fiscal year 2026, focusing on road repairs, public safety, tax cuts, and healthcare investments. The budget allocates $2 billion for road repairs funded partly by a cannabis tax hike and includes substantial healthcare funding of $29.8 billion
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 The Michigan legislature has passed a $52 billion omnibus budget and a $24.1 billion school aid budget, including $200 million for school meals. Following delays in budget approvals, legislators are under pressure to generate revenue, with a proposed 24% wholesale marijuana tax sparking protests. As the new fiscal
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
