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LANSING - Michigan cannabis sales in May rose by $1.1 million from April to To $279.6 million, an increase of 13.7% from May 2023. Medical sales only accounted for $1.6 million. The Cannabis Regulatory Agency reported flower made up $124.3 million of adult-use sales in May, up from $124.1 million in April down 77.2% from
WASHINGTON DC – U.S. House Republicans have removed marijuana banking protections from a critical government funding bill, thus exposing banks to potential federal crackdowns on cannabis-related businesses. 1. Why Did The House Republicans Drop the Cannabis Banking Protections from Funding Bill? A controversial provision within a recent bill was blocked after facing significant internal opposition.
NEW YORK - Artificial intelligence (AI) is already having an impact on upcoming U.S. elections and other political races around the globe. Much of the public dialogue focuses on AI’s ability to generate and distribute false information, and government officials are responding by proposing rules and regulations aimed at limiting the technology’s potentially negative effects.
DETROIT - General Motors is pulling back its electric vehicle production target this year and adjusting the timing on its profit targets because demand for EVs is not growing at the pace initially expected. GM CFO Paul Jacobson said Tuesday that GM would trim its targeted production of its new EVs in 2024 from between
GRAND RAPIDS - A Grand Valley survey of West Michigan purchasing managers and businesses indicates the region’s economy continues to chug along at a steady pace after posting a fourth straight month of modest growth. The responses to his monthly survey suggest to Brian Long, researcher and director of supply management research at the Seidman
SACRAMENTO - In March, Michigan surpassed California in products sold, a report from SFGate contends. While California sold 21.3 million legal marijuana products in March, Michigan passed that with 22 million products sold, according to BDSA’s tally. California is still outselling Michigan on the revenue front, with a total of $1.2 billion in sales for the
NEW YORK - Toyota, Mazda, and Subaru are will collaborating to develop new types of engines that will be groundbreaking in the market. Japanese automobile makers currently have a strategy that aims at developing better Internal Combustion Engines that are to be installed in its range of hybrids and plug-in hybrids. This partnership was meant
NEW YORK - A new drug could put an end to cumbersome CPAP machines, which are thought to be used by some 33 million Americans to manage their sleep apnea. Roughly 39 million Americans, including President Biden, currently suffer from sleep apnea. The most common form of the disorder is obstructive sleep apnea. In OSA patients, the
LONDON - Thousands of NHS patients will be given access to groundbreaking cancer vaccines, health leaders have said, as a 55-year-old man became the first in England to receive the treatment for bowel cancer in a “landmark moment”. Thirty hospitals have so far signed up to NHS England’s Cancer Vaccine Launch Pad, which is working to fast-track patients to receive the vaccines at the earliest opportunity
DETROIT - Michigan’s economy is anticipated to grow by 1.8 percent in 2024, above last year’s growth, but slightly below the national economy’s, according to Comerica Bank's mid-year report. High interest rates and consumer prices continue to weigh on the Great Lake State’s economy, as do negative spillovers from national and global headwinds. But the
