Federal Law Scaring Local Financial Institutions Away from Cannabis Banking

Some local bank and credit union officials say they’re anxious to cultivate the blossoming marijuana industry. There’s just one problem. Although Michigan voters approved the sale and use of medical and recreational marijuana, the drug is still an illegal controlled substance under federal law. “We’ve made the decision...

Looking Good: The latest in medical and cosmetic technologies

(top l-r): Lo, Kuenker and Jeffries (middle l-r): Leithauser and Madion (bottom): Andriese Hot lasers. Cold lasers. Microwaves. Micro-needling. Platelet-rich plasma therapy. They are among the newer cosmetic and medical treatments people in the Grand Traverse region are increasingly seeking, according to...

Wealthy in TC: Privacy worth its weight in gold

The rich aren’t so different from the rest of us. They’re just more obsessed with privacy and time management. That’s the picture local business owners paint of their wealthy customers and clients, who are largely business owners, professionals and retirees. Very few are trust fund babies...

No Flood of New Money: Deposits flat at TC banks

Rising interest rates have been a boon to savers, who have seen little return on their savings accounts and certificates of deposits at banks and other financial institutions in recent years. “Rates were so low, you almost expected some banks to charge people to keep their...

Local Utilities Shun Coal, Promote Renewable Energy

Coal has become a dirty word to the four electric utilities that serve the pristine Grand Traverse region. Traverse City Light & Power, Cherryland Electric Cooperative, Great Lakes Energy Cooperative and Consumers Energy all are touting plans to reduce or eliminate their dependence on fossil fuel...