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Tag: Midwest
New tax provision a potential ‘life saver’ for small cannabis companies
Amid fresh uncertainty over federal marijuana rescheduling, cannabis businesses of all sizes face questions around what the best tax strategy may be for the upcoming filing season, especially as they try to maximize savings under the harsh burdens of section 280E. But there could be good news for small cannabis …
Eaze Cannabis workers secure union contract after corporate turmoil, pay cuts
Nearly 500 Eaze cannabis workers ratified a new three-year contract with United Food and Commercial Workers Union following months of corporate upheaval and wage rug pulls that pushed many employees to the brink. The agreement, announced Friday by UFCW Locals 5, 135, 324 and 770, guarantees fair wages with raises …
Michigan to distribute nearly $100M in cannabis tax revenue to municipalities, tribes
This article was reprinted with permission from Crain’s Detroit Business. The city of Detroit, a relatively new entrant into the regulated adult-use recreational market, is set to receive more than $3.14 million in shared marijuana tax revenue from the state treasury. Detroit, which began recreational marijuana sales in 2023, more …