420 With CNW - Judge Rejects Request To Halt Implementation Of New Michigan Cannabis Taxes

(MENAFN- Investor Brand Network) A Michigan court has refused to pause the state's newly approved 24% tax on wholesale marijuana, clearing the way for the levy to begin on January 1, 2026. The decision, issued by Court of Claims Judge Sima Patel, was closely watched by marijuana companies and policymakers who have debated for months whether the Legislature overstepped its authority when it added the tax to this year's budget.

Companies like Cresco Labs Inc. (CSE: CL) (OTCQX: CRLBF) with operations in...

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CNW420 spotlights the latest developments in the rapidly evolving cannabis industry through the release of an article each business day at 4:20 p.m. Eastern – a tribute to the time synonymous with cannabis culture. The concise, informative content serves as a gateway for investors interested in the legalized cannabis sector and provides updates on how regulatory developments may impact financial markets. If marijuana and the burgeoning industry surrounding it are on your radar, CNW420 is for you! Check back daily to stay up-to-date on the latest milestones in the fast -changing world of cannabis.

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