News Summary TerrAscend Corp., a national cannabis company, has announced its withdrawal from the Michigan market, resulting in the closure of 20 dispensaries and four cultivation facilities. This decision will lead to 236 layoffs and reflects a broader trend of multi-state cannabis companies exiting the state due to market oversaturation
News Summary Michigan Governor Gretchen Whitmer is under investigation regarding a $20 million budget earmark connected to Fay Beydoun, a businesswoman who hosted a fundraiser for her. Allegations of embezzlement and mismanagement of funds related to Beydoun’s Global Link International have surfaced, raising ethical concerns about their relationship. The probe
News Summary TerrAscend Corp announced its complete withdrawal from the Michigan marijuana market by the end of 2025, closing 20 retail locations and a cultivation center, resulting in around 250 job losses. The decision comes amid declining profit margins and an oversupplied market. The closures will also affect well-known cannabis
News Summary TerrAscend Corp. has announced its decision to exit the Michigan cannabis market due to financial challenges, closing all 20 dispensaries and impacting around 1,200 employees. The closures are expected to be completed by the end of Q3 2025, with the company shifting its focus to more favorable markets
News Summary Recent data from the University of Michigan highlights a dramatic decline in consumer sentiment, reaching historic lows despite a small recovery in June. The Michigan Index of Consumer Sentiment saw a 29% drop in early 2025, with a slight bounce to 60.5 in June. Despite this uptick, consumer
News Summary Governor Gretchen Whitmer of Michigan is closely monitoring the military situation in Iran following U.S. strikes ordered by President Trump. During a recent briefing, she emphasized her commitment to the safety of Michigan residents. State officials are enhancing security measures and have urged the community to remain vigilant.
News Summary The Michigan Board of Canvassers has approved a referendum to potentially overturn laws limiting the state’s minimum wage and address concerns about the tipped wage system. While both parties previously voted against a wage hike, a grassroots movement is advocating for reform amid rising living costs. With the
News Summary General Motors has announced a $4 billion investment to shift production from Mexico to three key facilities in Michigan, Kansas, and Tennessee. This strategic move aims to create approximately 2,300 new jobs while retaining 1,000 existing positions. The investment signals a shift towards gas-powered vehicles at the Orion
News Summary A $2 million road resurfacing project on M-45 in Allendale, Michigan, has kicked off, focusing on improving a vital east-west corridor. The Michigan Department of Transportation is overseeing this initiative, which is essential for enhancing road safety and supporting local economic growth by creating jobs. Traffic disruptions are
News Summary A U.S. District Judge in Three Rivers, Michigan, has approved a $205,000 settlement to compensate 60 employees of Timber Cannabis for allegations of tip misappropriation. The settlement allocates one-third to attorneys while Timber Cannabis did not admit wrongdoing. The case highlights broader issues of worker rights in the
