The Michigan Department of Treasury today announced that more than $87 million is being distributed among 269 municipalities and counties as a part of the Michigan Regulation and Taxation of Marijuana Act.
Over the next few days, 99 cities, 30 villages, 69 townships and 71 counties will receive payments from the Marihuana Regulation Fund. For the state of Michigan’s 2023 fiscal year, this means each eligible municipality and county will receive more than $59,000 for every licensed retail store and microbusiness located within its jurisdiction.
“This week, many Michigan municipalities and counties will begin seeing their share of adult-use marijuana payments appear in their banking accounts,” State Treasurer Rachael Eubanks said. “Through a partnership, the dollars received from the adult-use marijuana taxes and fees are distributed to our participating communities. These dollars may be spent how our local units deem fit to their needs.”
Revenue was collected from 737 licensees among the state’s cities, villages and townships during the 2023 fiscal year. Some of these municipalities host more than one licensed retail store and microbusiness.
For the 2023 state fiscal year, there was more than $290.3 million available for distribution from the Marihuana Regulation Fund.
State law outlines how much is distributed from the Marihuana Regulation Fund.
Aside from the more than $87 million in disbursements to municipalities and counties, $101.6 million was sent to the School Aid Fund for K-12 education and another $101.6 million to the Michigan Transportation Fund.
“The tax funding for municipalities and counties that comes from the marijuana excise tax is a very important benefit of the legal cannabis industry in Michigan,” said Cannabis Regulatory Agency (CRA) Executive Director Brian Hanna. “The CRA is committed to doing our part in supporting our licensees so that they can continue to grow the local economy throughout the state with good-paying jobs and increased revenues for local government budgets.”
Related Articles
No Results Found
The page you requested could not be found. Try refining your search, or use the navigation above to locate the post.
More Posts
When Being Questioned by the Police: Can They Lie to You?
When Being Questioned by the Police: Can They Lie to You? Introduction In the United States, police officers are generally allowed to lie to suspects during interrogations. This is a controversial practice, but it has been upheld by the Supreme Court. There are some...
Ohio Bill Introduced to Allow Each City to Ban Marijuana
With just over a week until Ohio’s voter-approved marijuana legalization law takes effect, a lawmaker has introduced a bill that would allow individual municipalities to locally ban the use and home cultivation of cannabis in their jurisdictions. The legislation aims...
Appeals Court – Detroit’s Asset Forfeiture Violates Due Process
A federal circuit judge writes that Detroit's vehicle seizure scheme "is simply a money-making venture—one most often used to extort money from those who can least afford it." A panel of federal appellate judges ruled that Detroit's practice of seizing people's cars...
NEWS RELEASE: USSC Adopts 2023 Amendments
WASHINGTON, D.C. ― Equipped with a quorum of Commissioners for the first time since 2018, the bipartisan United States Sentencing Commission voted today to promulgate amendments to the federal sentencing guidelines. “The Sentencing Commission is back in business,”...
Bad Ranking For Transparency in the Michigan Justice System
by Wes Smith, president, MPA Board of DirectorsPublisher View Newspaper Group When there was a change in leadership in Michigan’s legislature earlier this year, hope rose again in the hearts of citizens who want a more transparent state government. Maybe, it was...
Ohio voters say yes to legal recreational cannabis
Recreational marijuana has been legalized in Ohio as voters overwhelmingly approved State Issue 2 on Tuesday. This groundbreaking decision now enables adults in Ohio to legally experience the advantages of marijuana for recreational purposes. “Marijuana is no longer a...
Smell of Marijuana is Not Enough to Search Your Vehicle or is it?
The Smell of Marijuana and the Court of Appeals Body camera footage is an invaluable resource for courts facing suppression motions, but it rarely serves as a stand-alone source of information about a warrantless search or seizure. Here, the trial court was hamstrung...
Commission Votes For Retroactive Sentencing
U.S. SENTENCING COMMISSION VOTES TO ALLOW RETROACTIVE SENTENCE REDUCTIONS AND ANNOUNCES ITS NEXT SET OF POLICY PRIORITIESVote Authorizes Judges to Reduce Sentences for Eligible Incarcerated Persons Beginning February 1, 2024 Should Guidelines Become...
THC Detection in Blood: Challenges and Implications
THC Detection in Blood: Challenges and Implications When it comes to enforcing drugged driving laws, police and employers face a unique challenge with marijuana. Unlike alcohol, which is metabolized and eliminated relatively quickly, THC, the psychoactive compound in...
Feds New Sentencing Guidelines for Past Cannabis Convictions
The federal U.S. Sentencing Commission (USSC) has approved a revised amendment to sentencing guidelines, advising judges to adopt a more lenient approach towards prior marijuana possession offenses. Members of the commission voted to approve a range of amendments to...
