"Ann Arbor marijuana company secures $16M investment, expands to 5th state"

John Fraser was quoted in the Crain's Detroit Business article, "Ann Arbor marijuana company secures $16M investment, expands to 5th state." In the article, Fraser highlights the financial struggles faced by multi-state operators (MSOs) in the cannabis industry, attributing them to factors like high effective tax rates and aggressive regulatory climates.