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
Cannabis Tax Payments Being Distributed in Michigan
Adult-Use Marijuana Tax Payments Being Distributed In MichiganHere's what they say...Treasury: Adult-Use Marijuana Payments Being Distributed to Michigan Municipalities and Counties; More Than $59.5 Million Going to 224 Municipalities and Counties. Sales of "legal"...
Judge tosses lawsuits stemming from Michigan’s marijuana recall
Judge tosses lawsuits stemming from Michigan’s marijuana recall LANSING, MI -- A Michigan Court of Claims judge on Jan. 2 dismissed two lawsuits linked to Michigan’s enormous 64,000-pound, $229 million 2021 marijuana recall that impacted an estimated 60% of all...
Decision holding mandatory life without parole unconstitutional
COA 352569 PEOPLE OF MI V JOHN ANTONIO POOLE Opinion People v Poole (Docket No. 352569) decided January 18, 2024 The State Appellate Defender Office celebrates today’s outcome for our client John Antonio Poole. As an 18-year-old child, Mr. Poole was sentenced to life...
Michigan Marijuana Sales Surpassed $3 Billion In 2023
In 2023 according to sources on the internet the Michigan lottery made 46 million , liquor taxes made $31.5 billion this year, a slight increase from previous projections but close to $400 million less than the previous year. Marijuana about 3 billion. Michigan's...
More Posts
The Intoxilyzer 9000 (part 1)
The Intoxilyzer 9000 (part 1 of 2)Roll-Out The Michigan State Police (MSP) initiated Intoxilyzer 9000 (Intoxilyzer) training for police officers statewide, commencing in 2023. In order to participate, officers were required to complete both preliminary breath test...
The Intoxilyzer 9000 (part 2)
The Intoxilyzer 9000 (part 2 of 2)Using it The Intoxilyzer is user-friendly and equipped with a built-in feature to alert officers of any potential issues. As a precautionary measure, officers are specifically advised to switch off their portable radios prior to...
Our Kids are Dying of Drug Overdoses
THE KIDS AREN’T ALRIGHT, THEY’RE DYING OF DRUG OVERDOSESFrom May 2022 to May 2023, the Centers for Disease Control and Prevention reported an alarming 37 percent increase in American lives lost due to overdoses, totaling over 112,000 fatalities. This staggering surge...
How DUI Charges Impact Your Child’s Future
In Michigan driving is considered a privilege. with this privilege comes immense responsibility, especially when it comes to driving under the influence (DUI) as well as other responsibilities. The consequences of youth DUI extend far beyond the immediate legal...
Rescheduling Marijuana Would Be a Threat to Public Health
Kevin Sabet of Smart Approaches to Marijuana says policy makers need to learn from their mistakes with hemp when considering marijuana rescheduling. It’s rare for policymakers to get a preview of the consequences of pending policies, but the descheduling of...
Meet MiChap
Climate and Health Adaptation ProgramYou must save yourself from yourself.Meet MICHAPOur Vision: Michigan's public health system fosters equitable health and wellbeing as it adapts to the current and future impacts of climate change. Our Mission: The Michigan Climate...
Feds discover new methods to distinguish hemp and marijuana to assist crime labs
Federally funded researchers have uncovered two methods to divide and diversify the difference between hemp and cannabis to assist to crime labs. Because Cannabis is still a crime and Hemp is not...The Controlled Substance Act of 1970 classified the plant cannabis,...
Laws passed by Michigan lawmakers in 2023 will take effect
Several new laws passed by Michigan lawmakers in 2023 will take effect on Tuesday, Feb 13, 2023Making use of the first combined Democratic majority in the state House, Senate, and governor's seat in decades, legislators have the numbers and have successfully approved...
Legal Consequences of Rescheduling Marijuana – 2024
Legal Consequences of Rescheduling Marijuana Jan 2024 a report from the Congressional Research Service.
Scientists Discover The Reason Cannabis Causes The Munchies
For the first time, scientists have uncovered the precise neurological impacts of cannabis use that give rise to the phenomenon famously referred to as the "munchies," as revealed by an innovative study backed by federal funds. Researchers at Washington State...
