Taxes March 6, 2026
Michigan’s New 24% Marijuana Tax Faces Repeal Effort
A bipartisan mix of five Republican and three Democratic state senators are supporting the repeal under Senate Bill 810, sponsored by Republican state Sen. Jonathon Lindsey.
General News January 26, 2026
Massachusetts Accountant Pleads Guilty to Prostitution, Drug Charges, Sentenced to 3 Years in State Prison
John Caruso, 80, of Haverhill, MA, was sentenced Jan. 23 to three years and one day in state prison after pleading guilty to maintaining a house of prostitution and multiple drug-related charges.
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.
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.