Michigan economy

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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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Legislators in Michigan discuss budget bills in Capitol building
Michigan Breaking News

Michigan Legislature Passes $52 Billion Budget Bills

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

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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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Protesters outside Michigan Senate Building opposing marijuana tax
Michigan Business News

Michigan Lawmakers Propose 24% Marijuana Tax for Roads

News Summary Michigan lawmakers have proposed a 24% wholesale tax on marijuana to fund road repairs, projecting $420 million annually. The tax has sparked opposition from cannabis shop owners over potential job losses and higher prices for consumers. Current tax legislation discusses balance between road funding and the impact on

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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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Construction workers repairing a road in Michigan.
Michigan Business News

Michigan Secures Landmark Road Funding Plan

News Summary Michigan has reached a significant budget agreement that secures over $1.5 billion annually for road funding, primarily from a new marijuana sales tax. While falling short of the initial $3 billion proposal, the plan aims to enhance local road conditions and address long-standing infrastructure issues. Key elements include

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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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Legislators discussing budget agreement in a meeting
Michigan Breaking News

Michigan Leaders Announce Comprehensive Budget Agreement

News Summary Michigan Governor Gretchen Whitmer and legislative leaders unveiled a bipartisan budget agreement that focuses on key initiatives including tax cuts, increased funding for education, and infrastructure improvements. The agreement aims to address critical issues facing Michiganders and is designed to be completed before the October 1 deadline. This

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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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