Featured posts
DETROIT - As Michigan’s budding recreational cannabis market develops, efforts are underway to quash competing illicit sales, according to the state’s top marijuana regulator. Michigan voters approved a ballot question on Nov. 6, 2018 that legalized adult use cannabis, and the Marijuana Regulatory Agency issued emergency rules July 3 of this year for the rollout
LANSING - During the first two weeks of December, residents bought more than $3 million worth of marijuana at recreational retailers, which provided $515,051 in tax revenues, the state said Tuesday. The second week of sales totaled $1.47 million and resulted in $147,371 in excise tax revenue and $97,265 in sales tax revenue, the Marijuana
MUNCIE, Indiana – The national and Midwest economies will slow dramatically next year as gross domestic product growth remains sluggish due to the Trump administration trade wars with trading partners around the globe, warns a Ball State University economist. Employment growth in several Midwestern states turned negative in first quarter of 2019, and the decline
GRAND RAPIDS - There are no signs of an impending recession, but the West Michigan economy will continue to slow in 2020, said Brian G. Long, director of Supply Management Research in Grand Valley State University's Seidman College of Business. Long surveyed local business leaders and his findings below are based on data collected during
ANN ARBOR - Bloomberg recently named Ann Arbor America's No. 3 tech hub, following only San Jose, Calif.; and Boulder, Colo. Bloomberg scored cities on a 100-point scale, evaluating how many people have STEM jobs, science and engineering degrees, and advanced degrees. Ann Arbor received a 98.97 score, with 18.3% of the population holding an
LANSING – At long last, Michigan’s divided government has the framework for a budget deal. But it’s mostly flat and doesn’t include major funding to big problems voters elected lawmakers to solve. An agreement to end a months-long standoff on Tuesday includes no new money for roads and bridges that are some of the nation’s
NEW YORK – An eCommerce platform partially funded by Detroit billionaire Dan Gilbert announced Friday that it has closed a $254 million Series H funding round that will be used in part to expand and staff up its Detroit engineering hub. “Detroit is ground zero for all things automotive,” said Vroom CEO Paul Hennessy in
LANSING - The state is close to being in line for a potential annual windfall of tens of millions in new revenue after the Senate passed legislation Wednesday requiring the collection of sales tax from online retailers and sent the package to Governor Gretchen Whitmer's desk. Passing the Senate were HB 4540, HB 4541, HB 4542 and HB 4543. The
ANN ARBOR - The Michigan Marijuana Report (www.mimarijuanareport.com) is looking forward to a huge year in 2020. Our readership grows at an explosive rate as more and more people are interested in the evolving cannabis business and all of the opportunities that it brings. As you can see in many other industries, there is always
BIRMINGHAM - Birmingham Angels, managed by City Side Ventures, has made investments in two companies that presented to the group in September. The two companies were REZA (high end streetwear shoes, etc.) and Commando Lock (building the highest quality locks seen in the US market in recent memory). A Kauffman Foundation study showed 90% of
