News Summary The Michigan Cannabis Industry Association has filed a lawsuit against the state over a newly enacted 24% wholesale tax on cannabis that is set to take effect in 2026. The MiCIA argues this tax violates constitutional provisions and is an unlawful increase on the already imposed cannabis taxes.
News Summary Michigan lawmakers have approved a new 24% wholesale tax on recreational cannabis, set to take effect on January 1, 2026. This tax aims to generate approximately $420 million annually for road construction and repairs. However, the Michigan Cannabis Industry Association (MCIA) has filed a lawsuit, arguing that this
News Summary Northern Michigan cherry farmers are confronting a challenging season marked by declining production rates and economic uncertainties. After enduring severe weather and trade issues affecting yields, many farmers are now questioning the sustainability of their operations. The cherry crop, which is vital to the economy, has seen an
News Summary The newly launched PitchMI initiative aims to enhance Michigan’s startup ecosystem with a $4 million funding pool. Featuring four regional competitions, the program spotlights entrepreneurial talent across high-tech industries like AI, healthcare, and clean technology. The first competition kicks off in Detroit on October 1, 2025, with winners
News Summary Consumers Energy has launched a $2 million initiative to aid Michigan residents struggling with energy bills this summer. Eligible customers can access assistance via The Heat and Warmth Fund and The Salvation Army. Income-based criteria apply, with funds aimed at easing financial burdens during the warmer months. The
News Summary On August 14, 2025, a town hall meeting at Madonna University highlighted the negative impacts of tariffs on the automotive sector. U.S. Congresswoman Rashida Tlaib led a discussion with industry leaders, revealing how tariffs disproportionately burden American consumers and small businesses. The conversation stressed the need for a
News Summary The Michigan Economic Development Corporation has awarded $2.55 million in state grants to enhance entrepreneurship and drone technology in northern Michigan. 20Fathoms receives $1.6 million to support early-stage companies, while Traverse Connect gains $949,000 to advance drone applications in healthcare. The funding aims to stimulate local economic growth
News Summary The U.S. Nuclear Regulatory Commission has approved Holtec International’s request to transition the Palisades Nuclear Plant back to operational status. This historic decision marks the first time a previously shut down nuclear facility in the U.S. will resume operations. With power generation projected to begin in late 2025,
News Summary Sandisk Corporation has canceled plans for a semiconductor manufacturing facility in Mundy Township, Michigan, a decision that could eliminate nearly 10,000 jobs. Governor Gretchen Whitmer cited national economic uncertainty as a primary reason for the withdrawal. The project was expected to invigorate Michigan’s economy, having allocated significant state
News Summary The Grand Rapids Chamber hosted the West Michigan CEO Summit on June 10, 2025, gathering business leaders to discuss resilience amid economic challenges. Keynote speaker Mark D’Antonio emphasized essential leadership qualities while economic expert Paul Isely provided insights into the current financial landscape. The summit aimed to equip
