ANN ARBOR - It's tough to find a bank that will work with you if you're in the Cannabis and Hemp business in Michigan. But now BankMichigan has expanded its reach into both business sectors with commercial loans and more. To find out what is now available, watch this short video interview with Aaron Ambinder
KALAMAZOO -A Kalamazoo cannabis company’s recent Chapter 11 bankruptcy filing will test some particularly murky legal waters and could potentially set a legal precedent for other cannabis-related businesses facing insolvency. Master Equity Group LLC on April 20 filed with the U.S. Bankruptcy Court in the Western District of Michigan under subchapter V of the federal bankruptcy
GRAND RAPIDS - A report contends while economic indicators remain stable or are even on the rise, worry over interest rates, inflation and continued supply chain issues have many leaders and economists predicting a recession. Brian G. Long, director of Supply Management Research in the Seidman College of Business, said multiple factors create talk of
DETROIT - A report by the Midcontinent Independent System Operator (MISO), the nonprofit organization that oversees our power grid, said Michigan could be facing power shortages in July and August. Michigan is moving away from coal or thermal powered electricity and the state is pressing to use more and more wind and solar power. “The reality
WASHINGTON DC - US Senators on both sides of the aisle are throwing support behind a proposal to tuck key marijuana banking legislation into a larger package aimed at boosting U.S. competitiveness, increasing the odds that a significant cannabis bill gets through the upper chamber this year. Sen. Patty Murray (Wash.), the No. 3 Senate Democrat, is
ANN ARBOR - Growing industrial hemp was made legal in the 2018 Farm Act. But figuring out how to grow it in Michigan, and building the infrastructure needed to transform it into the 20,000 products that can be made from hemp, has proven to be challenging, Dave Crabill, president of iHempMichigan, admits. But the business
LANSING - Consumers purchased more than 2.3 tons of marijuana flower from Michigan provisioning centers on April 20, Cannabis Regulatory Agency Executive Director Andrew Brisbo tweeted. Initial data shows overall sales of flower on 4/20 in 2022 were up 242 percent from the same day in 2021 (which were up 444 percent vs 2020). Flower
LANSING - Ninety small businesses in Michigan have been selected from a pool of over 550 nominations as award recipients at the 18th annual Michigan Celebrates Small Business Gala. This year’s honorees span 14 different business sectors and hail from every corner of the state. From a hunting gear manufacturer in the Upper Peninsula to
ANN ARBOR - Michigan Marijuana Report, Edited and co-founded by MITechNew Editor and Publisher Mike Brennan, has formed a strategic partnership with the Small Business Association of Michigan. What that means is sponsors of MIMarijuanaReport.Com will automatically get an SBAM Premium Sponsorship when they purchase an MMR sponsorship. The SBAM sponsorship gets them many perks,
WASHINGTON DC - The Manifest surveyed 1,003 small business owners and managers and found that 55% of small businesses are planning to add more employees to their team in 2022. Social media platforms such as LinkedIn are playing a huge role in helping small businesses (60%) find credible candidates. However, a clear majority of the
