DETROIT - The Michigan Court of Claims heard arguments Nov. 25 over the constitutionality of a new 24% wholesale tax on cannabis products, a measure that has sparked significant backlash from the state’s legal marijuana industry. The tax, set to take effect on Jan. 1, was passed as part of Michigan’s fiscal 2026 budget to raise $420 million to
BIRMINGHAM - Cybersecurity analyst Richard Stiennon has written a new book that looks at how Artificial Intelligence is used to keep hackers at bay. It's called "Guardians of the Machine Age: Why AI Security Will Define Digital Defense." His book draws heavily from his cybersecurity dashboard that profiles hundreds of cybersecurity companies already using AI
COLUMBUS - Ohio communities hosting recreational marijuana dispensaries are still waiting for their share of cannabis tax revenue — despite the state collecting tens of millions of dollars since adult-use sales began in September 2024. So far, none of that money has reached local governments. That could change in December if the Ohio Senate returns
NEW YORK - Artificial intelligence startup Runway on Monday announced Gen 4.5, a new video model that outperforms similar models from Google and OpenAI in an independent benchmark. Gen 4.5 allows users to generate high-definition videos based on written prompts that describe the motion and action they want. Runway said the model is good at understanding physics, human motion, camera movements and cause and
DETROIT - IgniteIt, a cannabis industry business conference and media platform, formerly operated by Benzinga Cannabis, is entering a new chapter, separate and not affiliated with Benzinga. Led by former Benzinga executives, IgniteIt serves as a dedicated platform for the cannabis industry to connect, grow, and build. Joining Matt and Mike On MITech TV are
NEW YORK - Scientists think they know when a mass extinction event will hit Earth. Living creatures will likely face a 'triple whammy' of extinction events that will make the Earth inhospitable to life, a Nature Geoscience study conducted using a supercomputer has found. But thankfully, despite the habitat-endangering threat posed through climate change caused by the
NEW YORK - The discovery that oceans will power the world is rather interesting. Thus far, humans have always relied on the ocean for food, water, and trade. Now humankind will look towards the ocean as a new underwater dragon is said to produce clean and constant power. 1.2 MW of power will be delivered
JACKSON - Consumers Energy expects to spend $5.2 billion on renewables and $8.5 billion on distribution-level reliability and resilience projects through 2029. Through 2035, the company anticipates spending $10 billion for line undergrounding and pole replacement, $10 billion for the commission-approved 10.8 GW of renewables and at least $5 billion for the battery storage and
ANN ARBOR - Gauging the health of Michigan’s economy was difficult even before the federal government shutdown interfered with key data releases. The two key measures of employment, from the payroll and household surveys, have generally trended in opposite directions this year. Preliminary data suggests a large downward revision is in store for Michigan’s payroll
ANN ARBOR - The University of Michigan’s Annual Economic Outlook Conference predicts the jagged pattern of quarterly growth rates results in calendar year 2026 growth averaging 2.4 percent and just 2 percent growth in 2027. The report also said annualized pace of real GDP growth in 2025Q3 to come in around 3.1 percent thanks to robust
