WASHINGTON DC - The Federal Reserve on Wednesday kept short-term interest rates at a level of 4.25 to 4.5 percent, but two board officials running to succeed Fed Chair Powell voted to lower them. Nine of members of the Federal Open Market Committee agreed to keep rates unchanged. The two dissenters were Fed Vice Chair of
LANSING - It is time for the CRA’s Social Equity Team’s Quarterly Update! Check out what we have been up to this summer along with tips and reminders of the resources we offer. Education Sessions Check out the new additions to the Video Library on the CRA website. Browse all education sessions by topic or
CLEVELAND, Ohio – Recreational marijuana sales have generated $55 million in taxes since sales began a year ago, but the Ohio cities that host the dispensaries still haven’t gotten a dime of it. While municipalities that host dispensaries were initially promised 36% of those tax dollars, or roughly $20 million, they’ve been waiting for state
COLUMBUS - According to the Division of Cannabis Control, between August 7 and July 12, marijuana retailers in Ohio generated $653,066,896 in adult-use sales and $268,597,078 in medical marijuana purCombined, that’s $921,663,974 across 12,068,699 transactions—9,068,956 from recreational customers and 2,999,743 from medical marijuana patients. The average price per gram of marijuana flower has also fallen
LANSING - Under new bills making their way through the Michigan Legislature, police could swab your mouth on the side of the road and know within minutes if there are drugs in your system. While the bipartisan bills are garnering support in the name of safety, strong pushback is also emerging. Big picture view: Under Michigan law, driving
COLUMBUS - Ohio’s licensed marijuana market appears to be an outlier among the 24 states that have legalized cannabis. Ohio is expected to grow rapidly, while legal sales in more mature markets have stagnated. That’s likely to make the Buckeye State one of the primary drivers of the broader industry’s potentially huge growth in the
COLUMBIA - The historic discovery of the San José galleon has officially set a new record for the largest treasure ever found, valued at an astonishing $17.4 billion. Located off the coast of Cartagena, Colombia, this Spanish warship sank in 1708 while carrying approximately 180 tons of gold, silver, and precious stones from Peru. The
COLUMBUS, Ohio — On average, Ohioans buy twice as much nonmedical marijuana as they do medical marijuana, underscoring the dramatic effect legalizing recreational cannabis has had on Ohio’s market. Despite a five-year head start, the recreational market is quickly gaining on the medical market. Just 11 months in, recreational marijuana has brought in twice as
DETROIT - A brand new, out-of-the blue Sept. 30 deadline to buy an EV could be easy to miss, given all the quirky details packed into the nearly 900-page mega tax bill. But automakers aren’t about to let that happen. An email sent by Telsa says: "Order soon to get your $7,500." "You can get $7,500
COLUMBUS - With the passage of the state budget and lawmakers going on recess until fall, the status of laws and policies around Ohio’s legal cannabis programs at mid-year 2025 remains in a state of flux. In at least one recent development, though, lawmakers have decided that the state should forgo a voter-backed cannabis social
