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
US court upholds ban on selling guns to marijuana card holders
SAN FRANCISCO — A federal ban on the sale of guns to medical marijuana card holders does not violate the Second Amendment, a federal appeals court said Wednesday. The ruling by the 9th U.S. Circuit Court of Appeals applies to the nine Western states that fall under...
AVVO Ratings and Reviews Update Aug 2016
Michael Komorn’s reviews 5.0 stars - 23 Total Avvo Rating: 10.0 out of 10 Cases dismissed 5.0 stars Posted by Ryan August 24, 2016 I had two charges in Wayne county. I was facing 6 years in prison. Michael was very informative and reassuring...
US Dept of Justice letter regarding prosecution for marijuana
Attorney General Eric Holder's speech regarding dropping mandatory minimums for many drug crimes is already making an impact. Read the letter from the DOJ
Clio marihuana dispensary fighting Genesee County Prosecutor’s office in court
CLIO (WJRT) - (04/25/16) - A Mid-Michigan marihuana dispensary is fighting the Genesee County Prosecutor's office in court after FANG shut them down. The owner of the Clio dispensary says warrants weren't valid and he wants his business back open. Attorneys...
New Roadside Drug Test
What is the law? The Michigan legislature has passed into law a one-year pilot program set up in five counties that allows for Michigan State Police to perform roadside drug tests. The way this will work is if a driver gets pulled over for a traffic offense, in...
Why Are Michigan Prosecutors Reassessing Their Cases Against Medical Marijuana Patients?
Trying to understand why prosecutors in St. Clair County, Michigan, suddenly decided to drop their case against Ginnifer Hency, a medical marijuana patient and caregiver, and return the property that police seized from her home, I obtained several court documents from...
Attorney: Crime labs ‘falsified’ marijuana reports
A Southfield lawyer alleges the Michigan State Police crime labs have “falsified lab reports on marijuana statewide” and he’s asking a judge to dismisses charges lodged against a client. Michael Komorn, who also represents defendants in Livingston County, said...
Clio marihuana dispensary fighting Genesee County Prosecutor’s office in court
CLIO (WJRT) - (04/25/16) - A Mid-Michigan marihuana dispensary is fighting the Genesee County Prosecutor's office in court after FANG shut them down. The owner of the Clio dispensary says warrants weren't valid and he wants his business back open. Attorneys...
Medical marijuana patients reunited with son after lengthy court battles, unfounded drug charges
SPRING LAKE, Mich. -- After 18 months, a Spring Lake family's son is out of foster care and reunited with his parents. Yet the fight to be together, through court battles and serious drug charges despite being card-carrying medical marijuana patients, still haunts...
Komorn Law Secures Release Of Lorincz Child From CPS in Marijuana Custody Case
“This is one of those cases in an attorney’s career that is not easily forgotten, and is a reminder to me of the reason I became an attorney.” – Michael Komorn, attorney from Komorn Law and recipient of the Michigan Bar Association Right to Counsel Award for 2015....
