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
THC Detection in Blood: A Comprehensive Review
THC Detection in Blood: A Comprehensive Review Tetrahydrocannabinol (THC), the main psychoactive compound in marijuana, can remain detectable in the blood for several days or even weeks after use. This is due to the fact that THC is highly fat-soluble, meaning that it...
It’s not hard to be accused of being a Menace in Michigan
“You are a menace, you’re talking louder than me, you don’t agree with me and now you're pointing at me with gun fingers. I feel threatened! I’m calling the police”. All over a minor disagreement - probably about paper or plastic. Police arrive and can only do what...
Skymint acquired out of receivership
Tropics LP, under a new entity called Skymint Acquisition Co., acquired the assets of Green Peak Industries, doing business as Skymint, for $109.4 million. Nuff saidPlease note that cannabis at the time of this post being published is still a controlled substance...
Trulieve seeks $143M federal refund for 280E taxes
Would enforcing payment and accepting money from a federally illegal business cause you to be caught up in RICO, CCE and conspiracy charges that would put you away for decades? For you yes - For the government a big NO.Multistate marijuana company Trulieve Cannabis...
Feds Clarify Doctor Prescribed Medical Cannabis Is No Excuse
The revised federal workplace drug testing guidelines, issued by the Substance Abuse and Mental Health Services Administration (SAMHSA), Department of Health and Human Services (HHS), are intended to provide clarity. These guidelines emphasize that individuals who use...
Stop and Frisk – Terry v. Ohio
Terry v. Ohio (1968)Background On October 31, 1963 while conducting his regular patrol in downtown Cleveland, seasoned Cleveland Police detective Martin McFadden, who brought 39 years of law enforcement experience to the job, observed three men behaving suspiciously...
Can I have open alcohol in a trailer that is being pulled on the road?
Question: Can I have open alcohol in a trailer or camper that is being pulled on the road? Answer: In most instances transporting or possession of open intoxicants in a vehicle is not permitted. MCL 257.624a states in part, "a person who is an operator or occupant...
How Much Does it Cost for an Expungement in Michigan?
How much is your record costing you not to have it expunged is the question you should ask yourself. When you have been convicted of a crime in Michigan, you are likely aware of the negative impact it can have on your life, even after you have knelt in submission,...
Pending Charges?
Pending Charges. Don't wait. Get ahead of their game. If you have been arrested but not charged yet. Don't wait while they build evidence and take your statements to use against you! They may just be building a case against you and letting you get more comfortable...
Conspiracy is a Crime
In Michigan, conspiracy is a crime that is defined as "the agreement between two or more persons to commit any crime." The crime of conspiracy could be considered complete even if the actual crime is never committed. Conspiracy is a felony in Michigan, and the...
