The legalization of cannabis in Michigan offers an emerging economic sector for banks and credit unions, but only if Congress enacts legislation to change existing federal law and allow them into the market.
West Michigan businesses are building strategies to accommodate and support the grand opening of the state’s new billion-dollar cannabis industry, although many still crowd behind a self-imposed shroud of secrecy.
GRAND RAPIDS — Securing a top rating for financial stability could boost business for a West Michigan company that underwrites product liability insurance coverage for the cannabis industry.
GRAND RAPIDS — A broad group of stakeholders on Thursday unveiled conceptual plans for re-designing public spaces on both banks of the Grand River through downtown Grand Rapids.
Marijuana for recreational use by adults could become a $1.4 billion industry in Michigan in the years ahead.
The big three research universities in Michigan generated nearly $18.7 billion in economic impact across the state, an amount that grew 46 percent over 11 years even as public funding for higher education waned.
GRAND RAPIDS — Efforts to restore the rapids in the Grand River might be a year or more away from launching, but stakeholders already have started thinking about opportunities the project will create throughout downtown.
Michigan’s big three research universities kept up with their peers during the past decade in graduating talent, but lagged in commercializing innovations stemming from research.
GRAND RAPIDS –– The Grand River helped to make Grand Rapids “Furniture City” more than a century ago, and now many believe that Michigan’s longest river will soon revert from a largely passive asset back to an active one.
The number of startup companies spun out of Michigan’s top three research universities trended higher as of mid-decade, a possible product of heightened support for entrepreneurship in recent years.