TerrAscend's exit, cultivation facility closures and hundreds of lost jobs are raising questions about whether Michigan's cannabis market has become too competitive for many operators to survive. ANN ARBOR - When one of North America's largest cannabis companies decides it can no longer make money in Michigan, policymakers should pay attention. Last year, TerrAscend Corp.,
LANSING — Michigan Treasury officials are pushing back against claims that the state's new 24% wholesale marijuana tax is underperforming, arguing that it is simply too early to judge a tax that took effect less than six months ago. The Michigan 24% marijuana tax has become a flashpoint since it took effect earlier this year.
ANN ARBOR - Michigan consumers could be facing another round of economic pain as major oil companies and commodity traders warn that global petroleum inventories are falling to unusually low levels, raising concerns that crude oil prices could surge to $150 per barrel or higher if another major supply disruption occurs. For Michigan residents, the
Lower Prices Continue To Draw Thousands Of Out-Of-State Consumers To Michigan Border Communities NEW BUFFALO, Mich. — Ohio legalized recreational marijuana nearly two years ago. Illinois has operated one of the nation's largest cannabis markets since 2020. Yet consumers from both states — along with neighboring Indiana, where recreational marijuana remains illegal — continue crossing
ANN ARBOR - Michigan marijuana prices have fallen to some of the lowest levels in the country, with ounces commonly selling for $90 to $130. In Ohio, similar products often sell for $150 to $220 an ounce. Meanwhile, a multibillion-dollar hemp-derived THC industry has emerged outside the licensed cannabis system. Now that market may be
ANN ARBOR — Michigan helped invent the modern auto industry, remains one of America's top engineering centers, and is home to one of the nation's leading research universities. So why isn't the state creating more billion-dollar technology companies? That's the question increasingly confronting Michigan business leaders, investors, entrepreneurs, and policymakers as states like Texas, Colorado,
Michigan still dominates cannabis sales and attracts thousands of out-of-state shoppers every week. But Ohio's higher prices, stronger profit margins and expanding adult-use market could position it to benefit more from upcoming federal cannabis reforms. ANN ARBOR - Michigan sells more cannabis than Ohio. Ohio makes more money. That simple reality may shape the future
WASHINGTON DC - New federal economic data released Thursday delivered a troubling combination for the U.S. economy — and potentially for Michigan as well. Key Economic Numbers Released Thursday Inflation rose to 3.8% in April, up from 3.3% in March Consumer spending growth slowed sharply to 0.2% First-quarter U.S. GDP was revised down to 1.6%
WASHINGTON DC - Michigan and Ohio cannabis operators are closely watching a new federal court ruling that could signal another step toward mainstream healthcare acceptance of hemp-derived cannabinoid products. The federal government is beginning to treat cannabis-adjacent products less like prohibited substances and more like healthcare tools after a federal judge dismissed a lawsuit challenging
Global Conflict Is Now Reaching Michigan’s Economy ANN ARBOR - Michigan may be thousands of miles from the Strait of Hormuz, but the impact of the growing Middle East oil crisis is already showing up at gas stations, freight terminals, factory floors and household budgets across the state. Global oil prices surged again this week
