
Michigan’s Cannabis Market Faces Oversupply Crisis
News Summary Michigan’s cannabis market is in crisis, experiencing a notable oversupply and declining sales. Total cannabis sales dropped to $261.1 million in June 2025,
Explore the economic landscape of Michigan with in-depth business news coverage. From the booming real estate market to the innovative manufacturing sector, we track the trends, deals, and economic policies shaping the state’s economy. Our coverage includes profiles of leading companies, analyses of business climates across various industries, and updates on educational initiatives that prepare the workforce for the future. Whether you’re a business professional or interested in the state’s economic health, our news provides valuable insights into Michigan’s business world.

News Summary Michigan’s cannabis market is in crisis, experiencing a notable oversupply and declining sales. Total cannabis sales dropped to $261.1 million in June 2025,

News Summary Michigan Governor Gretchen Whitmer met with President Trump to address crucial issues affecting the state, including tariffs on the auto industry and Medicaid

News Summary Six Spoke Brewing Co. is set to open a new brewery in Corktown, Detroit on August 8, 2025. The grand opening weekend will

News Summary Starbucks is set to close its pickup-only store in Grand Rapids as part of a strategy to move away from this model by

News Summary Billionaire donor Timothy Dunn has contributed $5 million to the Great Lakes Conservatives Fund, backing Mike Rogers in the Michigan Senate race. This

News Summary Onyx Partners Ltd., a Boston-based private equity firm, has announced its acquisition of 119 JCPenney stores for $947 million. The all-cash deal, set

News Summary Governor Gretchen Whitmer has mandated an investigation into the economic effects of tariffs on Michigan’s manufacturing and agriculture sectors. The directive requires reports

News Summary Landowners in Michigan are raising alarms over high-voltage transmission line projects led by ITC Holdings, fearing property condemnation and lack of communication. The

News Summary Kenneth Stayt, a 70-year-old from Fenton, Michigan, won a remarkable lottery prize of $25,000 a year for life from the Michigan Lottery’s Lucky

News Summary Six JCPenney stores in Michigan are set to be sold as part of a $947 million deal involving 119 properties, finalized by Onyx