PrestoDoctor Expands Into Michigan Ahead of New Cannabis Tax Changes

Core Insights - Dogecoin Cash, Inc.'s subsidiary PrestoDoctor is expanding into Michigan, aiming to enhance its presence in regulated cannabis markets and provide telemedicine evaluations and patient-wellness services [1][6] - The timing of this expansion aligns with significant upcoming tax reforms in Michigan, which are expected to impact the cannabis market [2][5] Industry Context - Michigan currently has a total retail tax burden of approximately 16% on recreational cannabis, which includes a 10% excise tax and a 6% state sales tax [2] - A new 24% wholesale tax on cannabis products is set to take effect on January 1, 2026, potentially raising the effective total tax rate to one of the highest in the U.S. [2] - Economic analysts predict a 14% decline in retail cannabis sales due to increased prices from the new tax burden, indicating consumer price sensitivity [3] Company Strategy - PrestoDoctor aims to support patients and operators in navigating the changing regulatory landscape by enhancing compliance systems and improving patient engagement [5] - The company offers telehealth evaluations and integrated patient-management services, which are crucial for maintaining quality outcomes in a higher-cost environment [6] - The expansion into Michigan is part of a broader strategy to strengthen the regulated marketplace and ensure access to licensed medical professionals [6]