News Summary Cleveland-Cliffs is venturing into rare earth element mining in Minnesota and Michigan, aiming for U.S. material independence. CEO Lourenco Goncalves announced the discovery of two potential mining sites. This strategic shift comes amid supply chain concerns stemming from reduced exports from China and emphasizes the importance of self-sufficiency
News Summary Michigan’s new road-funding legislation has led to a controversial 83% increase in annual registration fees for electric vehicles, raising costs to a total of $260. Critics argue this move is unfair and could hinder EV adoption, while supporters claim gas vehicle drivers pay a larger share overall. Senator
News Summary Southeast Michigan is witnessing proposals for four massive data centers, challenging traditional locations for such projects. Augusta Township has approved rezoning for a Thor Equities data center, aimed at boosting local infrastructure despite community concerns over environmental impacts. The demand for these centers is driven by advancements in
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 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
