Taxes April 23, 2026
Michigan Supreme Court Orders Review of State’s 24% Cannabis Tax
The Michigan Supreme Court ordered the state Court of Appeals to take another look at the legality of Michigan’s 24% wholesale cannabis tax.
Taxes March 30, 2026
Michigan Marijuana Industry Files Second Lawsuit Over 24% Tax
The lawsuit argues that the taxing structure set up by the state compounds the levies on marijuana and overinflates a state sales tax constitutionally required to stay at or below 6%.
Taxes January 8, 2026
Judge Allows Lawsuit Challenging Michigan’s New 24% Marijuana Tax to Proceed
The lawsuit filed by opponents of Michigan's 24% wholesale marijuana tax that took effect Jan. 1 may continue, a Court of Claims judge ruled on Jan. 5.
Taxes December 26, 2025
Marijuana Group Appeals Court Order Upholding Michigan’s 24% Wholesale Tax, Urges Action by Jan. 1
The Michigan Cannabis Industry Association on Tuesday appealed a lower court ruling that upheld the imposition of a new 24% wholesale tax on marijuana sales, set to take effect Jan. 1, 2026.
Taxes December 18, 2025
Trump Signs Order to Expand Access to Marijuana, Lower Taxes on Cannabis Businesses
Among the most immediate impacts of rescheduling marijuana as a Schedule III drug would be relief from IRS Code 280E, which prevents businesses that handle Schedule I or II substances from deducting routine expenses such as rent, payroll and equipment.
Taxes December 9, 2025
Michigan Judge Allows State’s New 24% Marijuana Tax to Stand for Now
A Michigan judge ruled against marijuana businesses in the state Dec. 8, rejecting their arguments that a new 24% wholesale tax on their products, imposed by the Legislature as part of a road-funding deal, should be immediately blocked.
Small Business November 17, 2025
Most Hemp Products with THC Made Illegal by Provision in Federal Bill Reopening Government
A provision in the deal that ended the government shutdown bans unregulated hemp products that contain THC, the psychoactive compound found in cannabis.
Technology November 17, 2025
Safe Harbor Unveils Financial Solutions Platform for Cannabis Industry
The cannabis-exclusive business software provider has launched what it claims is the cannabis industry’s first comprehensive financial solutions platform, designed to help operators bank, borrow, operate, and grow with greater clarity, control, and financial stability.
Taxes September 23, 2025
California Passes Tax Relief for Cannabis Growers
Gov. Gavin Newsom on Monday signed AB 564 into law, a bill that reverses a 25% increase in the cannabis excise tax and freezes that tax at 15% until 2028.
Taxes August 25, 2025
Why a Cannabis Tax Cut Could Spell Trouble for Children in California
A fight over taxes consumers pay for cannabis products has prompted a standoff between unusual adversaries: child-care advocates and the legal weed industry.
Small Business February 11, 2025
Cannabis Industry Faces Debt Reckoning without Bankruptcy Help
The biggest companies, those that operate in more than one state, have as much as $6 billion in debt maturing next year, according to Beau Whitney, chief economist at Whitney Economics, which specializes in the cannabis market.