michigan

Cannabis, which can be detected by urine screens for up to a month after consumption, has been legal for adults in Michigan since 2018 although drug testing for certain jobs persists...as do myriad methods to get around it. Fake urine is the main one and several Michigan...

While still a minor, age 17, Rick Wershe Jr. was sentenced to prison for cocaine possession after being used by the FBI as an informant. Known as White Boy Rick, Wershe was released in July 2020 for good behavior at age 52, after serving 33 years in federal prison. In addition to becoming a...

Valiant Management Group, founded by former University of Michigan football player Jared Wangler and hockey player Niko Porikos, is launching a series of university-licensed non-fungible tokens (NFTs).  The group has secured deals with Michigan quarterback J.J. McCarthy, receiver Andrel...

Red White & Bloom Brands Inc. (CSE: RWB) (OTC: RWBYF) a multi-state cannabis operator, announced it has received all regulatory approvals and has closed its acquisition of PharmaCo, Inc. via RWB Michigan, LLC, the Company’s wholly-owned subsidiary, in an all-stock transaction. “I...

Chicago Atlantic Real Estate Finance, Inc. (NASDAQ: REFI), a commercial real estate finance company that manages a diversified portfolio of real estate credit investments in the cannabis space, announced on January 3 that it acted as sole lender on a new senior secured credit facility for...

Online gaming stocks have taken a big hit in recent months, but Bank of America analyst Shaun Kelley said there was a “surge” in U.S. online sports betting (OSB) revenue in November. The Numbers: Total digital gross gaming revenue (GGR) in November was up 25% month-over-month and 129%...

Amid the green wave expected in the northeast including New Jersey, Connecticut, New York and Virginia, Pablo Zuanic, analyst at Cantor Fitzgerald reviewed economic trends in four states that have legalized the recreational use of cannabis: Illinois, Michigan, Massachusetts and Arizona. Except for...

The state of Michigan stayed hot in September and continued its trend of being one of the largest online sports betting markets in the country. What Happened: The state's online sports betting handle hit $354.3 million in September, according to PlayMichigan. The total was up 84.2% from...

Ford Motor Co (NYSE: F) CEO Jim Farley on Wednesday responded to Michigan Governor Gretchen Whitmer’s comments that the state was not given a "real opportunity" for the automaker’s new factories centered around electric vehicles. What Happened: Farley said on Twitter...

Michigan was expected to be one of the largest states for sports betting in the country after launching in 2021, and the figures from the first full month of online sports betting support the early predictions. Michigan Sports Betting, One Month In: The figures from the first full month of...

The construction business has boomed during the coronavirus pandemic.  That’s according to Seth Helfman, the president at City Contracting Services, one of the biggest contractors in Michigan. Over almost 20 years, Helfman has witnessed countless economic cycles and their impact on...

More than a dozen people were charged Thursday in connection with a plot to overthrow the Michigan government and kidnap Gov. Gretchen Whitmer. Arrests were made late Wednesday and early Thursday in a raid at a home in Hartland, Michigan. The raid was conducted by the FBI and Michigan...

Shares of GAN Limited (NASDAQ: GAN) are higher Monday after announcing a partnership in the state of Michigan. What Happened: Gan announced a 10-year partnership with Wynn Resorts (NASDAQ: WYNN) to be the enterprise software platform for its online sports betting and iGaming...

Amazon.com, Inc (NASDAQ: AMZN) called the police on two Democratic Congresswomen visiting its warehouse in Romulus, Michigan last week — after extending them an invitation to visit such a facility, the lawmakers said. What Happened: Representatives Rashida Tlaib (D-MI) and Debbie Dingell...

Any electric vehicle maker that came after Tesla Inc (NASDAQ: TSLA), including Lucid Motors and Amazon.com, Inc (NASDAQ: AMZN)-backed Rivian, won't be able to sell units directly to consumers in Michigan if the state's auto dealers have their way. What Happened:...