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Cash-strapped Michigan weed businesses ‘bet the farm’ on a risky tax strategy to save millions

Cash-strapped Michigan weed businesses ‘bet the farm’ on a risky tax strategy to save millions

Still, the new tax strategy isn’t solving everything for the marijuana industry, and there are several possible pitfalls.Verano, for instance, still reported a net loss in 2024 of $341.8 million, and the company still has long-term liabilities of...

Michigan Central reveals plans for hotel, restaurant at The Station

Michigan Central reveals plans for hotel, restaurant at The Station

The west entrance of Michigan Central Station once served as a carriage house, welcoming guests arriving by horse-drawn buggy or automobile to board a train. Soon, that historic space will serve as a gateway for guests checking in for the night...

Gas prices dip below $3 a gallon in some Michigan cities 

Gas prices dip below $3 a gallon in some Michigan cities 

Michigan gas prices dropped to $3.08 a gallon, below the national average. Crude oil prices have been just over $60 a barrel, lower than last year. OPEC plans to increase oil production by 411,000 barrels a day in July. Michigan gas prices dropped...

7 Morning Digest: New hotel at Michigan Central Station, vandalism at U-M garden & more

7 Morning Digest: New hotel at Michigan Central Station, vandalism at U-M garden & more

Here at 7 News Detroit, we want to make sure you start your day off on the right foot, informed about weather, traffic, the latest news and more. That's why we have the 7 Morning Digest, where we'll get you out the door informed and ready to go....

180-room luxury hotel coming to Michigan Central Station

180-room luxury hotel coming to Michigan Central Station

Stephen McGee Michigan Central plan to add a luxury hotel, NoMad, to the 115-year-old landmark. NoMad Hotels, a global name in luxury hospitality, is set to open its first Michigan location inside the restored Michigan Central Station, marking a...

Luxury hotel company to locate on top floors of Michigan Central Station

Luxury hotel company to locate on top floors of Michigan Central Station

A luxury hotel is moving into part of Michigan Central Station, planning 180 rooms and 30 suites for the top floors of the building's tower. This development will be the debut of NoMad Hotels in Michigan, via an agreement with Ford Motor Company...

Midwest Rumor Mill: Latest buzz from elite event in Detroit

Midwest Rumor Mill: Latest buzz from elite event in Detroit

DETROIT – Many top prospects from around the country made their way to Michigan over the weekend for one of the best camps of the summer. The National College Showcase presented by Sound Mind Sound Body was back at Wayne State. National recruiting...

Daisy Adds First Michigan And Arizona Franchises

Daisy Adds First Michigan And Arizona Franchises

Editor’s Note: This article originally appeared on Residential Systems. Daisy has added two more franchises to its business in states it has not previously been in before. The company has acquired Automation Design + Entertainment in Kalamazoo,...

Detroit Grand Prix draws fans, families from far and wide

Detroit Grand Prix draws fans, families from far and wide

Detroit Grand Prix may be smaller than previous years, but still brings attention, capital and people to the city. Lessons learned on the race track about performances and tolerances can be applied to street cars, auto expert notes. “The Detroit...

Army Corps advances Michigan pipeline tunnel

Army Corps advances Michigan pipeline tunnel

Building a pipeline tunnel under a Michigan waterway would cause some environmental damage but would also have “beneficial” effects, according to a long-awaited environmental analysis from the Army Corps of Engineers. The agency concluded in its...

Visteon Launches Camera and Backlight Unit Manufacturing in India

Visteon Launches Camera and Backlight Unit Manufacturing in India

Visteon Corporation has begun manufacturing high-resolution camera systems and display backlight units at its Chennai facility in India, marking the company's expansion into in-house production of automotive components. The initiative involves an...

The Smart Way Engineers Are Finding the Right Roles

The Smart Way Engineers Are Finding the Right Roles

Image sourced from Pixabay The job market for engineers has changed a lot. Years ago, you could graduate, search a few job boards, and land a solid position. That’s not the case anymore. Today, engineers face more competition and more complex...

Construction begins on project to send Lake Michigan water to SW suburbs

Construction begins on project to send Lake Michigan water to SW suburbs

CHICAGO - Chicago area officials are set to celebrate the start of the construction of infrastructure necessary to eventually provide Lake Michigan water to about a quarter of a million residents in six southwest suburban communities. Local and...

The Rarest Plant in Michigan is in Danger of Extinction

The Rarest Plant in Michigan is in Danger of Extinction

Michigan's rarest flower is back for a brief time: the Michigan Monkeyflower. Monkeyflower is a rare wildflower that is nationally known as an endangered species, mainly found in northern Michigan. It's a semi-aquatic plant – part of the figwort...

D.J. Reed immediately noticed a different energy with the Lions than the Jets

D.J. Reed immediately noticed a different energy with the Lions than the Jets

The Lions signed cornerback D.J. Reed this offseason after he spent the last three seasons with the Jets, and Reed says things are different in his new home. Asked if the energy difference was immediately noticeable playing in Detroit than they...

Revisiting, grading the Detroit Lions’ biggest roster moves of 2024

Revisiting, grading the Detroit Lions’ biggest roster moves of 2024

Based on our most recent approval poll, most Detroit Lions fans are pretty darn happy with the job General Manager Brad Holmes is doing. He’s currently sitting on a 96 percent approval rating—which is actually the lowest it’s been in nearly three...

Daywatch: Inside Illinois’ agricultural system

Daywatch: Inside Illinois’ agricultural system

Good morning, Chicago. As climate change ravages many corners of the country, Illinois — with its nutrient-rich soil and more temperate weather — is emerging as the land of opportunity. But an agricultural landscape plagued by harmful farming...

New wetland could show how Michigan can reduce agricultural runoff polluting Lake Erie

New wetland could show how Michigan can reduce agricultural runoff polluting Lake Erie

Nearly a year ago, plans to turn some not-terribly-productive farmland into a wetland were announced as a pilot project. Now, deep-rooted grasses and plants friendly to bees and butterflies are beginning to make the 300 acres look lush. Yet to be...

This great-grandpa has cut four generations of hair in his West Michigan barber shop

This great-grandpa has cut four generations of hair in his West Michigan barber shop

WALKER, MI - Robert Stevens never forgets a face – or a head of hair. At 82 years old, he may not always remember the name of every client who has sat in his chair. There have been too many to count. When they walk through his door, however, he...

Michigan museum needs help to reunite historic firefighting duo

Michigan museum needs help to reunite historic firefighting duo

BAY CITY, MI – The Antique Toy and Firehouse Museum has announced the acquisition of a historic firefighting vehicle but is looking for community support to help transport the massive piece of history across the country. The museum has acquired...

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