Recreational marijuana could create new annual tax revenue of $287.9M   According to a new report from the nonpartisan Senate Fiscal Agency, recreational marijuana in Michigan could bring in an estimated $287.9 million in tax revenue in 2023. That is more than double a recent estimate from a pro-marijuana group. Why study the potential for 2023? That is when Michigan's recreational marijuana industry is expected to peak, if voters in November approve a proposal for the legalization of the substance. Those who oppose legalizing recreational marijuana say the tax revenue projections are just "a tiny drop in the bucket for the state budget." MORE ►How legalized marijuana would work in Michigan ►Michigan's tax on recreational marijuana would be among lowest in nation

Sears files bankruptcy, will close 142 stores   Sears has had a huge presence in the U.S. for a long time, but their share of the big box retail industry will shrink once again after the chain announced it has filed for bankruptcy. Though Sears Holding announced it plans to stay operational in the face of the Chapter 11 filing, the company announced the closure of 142 stores across the country, including four in Michigan. The closures are piling up, as 46 additional stores were already set to close in November. Sears Holding, which also operates Kmart stores, currently has 700 stores with about 68,000 employees. MORE ►Four Sears stores included in new round of closures

Big Ten power rankings show U-M, MSU on rise hat Ahead of their big rivalry game, both Michigan and Michigan State are climbing up the Big Ten power rankings. In fact, Michigan would be on top if it weren't for that pesky bunch of Buckeyes down in Ohio. With both the Spartans and Wolverines coming off exciting wins, who will take home the Paul Bunyan trophy? Or maybe that isn't the important question. No matter who you are rooting for, you likely want both of these teams to keep the eye on the real prize — taking down Ohio State when they each take on the (current) top team next month. MORE ►Dantonio expects MSU to ride confidence wave into rivalry game ►Michigan fans say nice things about MSU to dispel 'disrespek' voodoo