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Michigan officials have announced they are distributing nearly $100 million in marijuana tax revenue to over 300 local governments and tribes across the state thanks to the state\u2019s adult-use legalization law.<\/p>\n
The $94 million in tax dollars will support various local infrastructure, education and other programs and services in 313 municipalities, counties and tribal areas. That level of cannabis-derived funding is roughly equivalent to what the state allocated last year.<\/a><\/p>\n \u201cA total of 114 cities, 39 villages, 81 townships, 75 counties, and four tribes will receive payments from the Marijuana Regulation Fund,\u201d officials with the state Cannabis Regulatory Agency (CRA)\u00a0said in a press release on Tuesday.<\/p>\n \u201cFor the State of Michigan\u2019s 2025 fiscal year, this means each eligible municipality, county, and tribe will receive $54,017.10 for every licensed retail store and microbusiness located within its jurisdiction,\u201d the agency said<\/a>.<\/p>\n Under the state\u2019s cannabis law, tax dollars from marijuana sales must go to cities and tribes with licensed retailers (15 percent), counties and tribes with retailers (15 percent), the School Aid Fund for K-12 eduction (35 percent) and the Michigan Transportation Fund for repairs and maintenance of roads and bridges (35 percent).<\/p>\n The announcement from state cannabis regulators comes amid a contentious battle over a take hike on wholesale marijuana products that was implemented last year and has since faced legal challenges from marijuana businesses in the state.<\/p>\n A Michigan court in January denied the state\u2019s request to toss the lawsuit<\/a>, which targets the 24 percent wholesale tax that\u2019s been embraced by certain state Democratic senators and Gov. Gretchen Whitmer (D)<\/a>.<\/p>\n Recently filed legislation seeks to repeal the new tax.<\/p>\n \u2014 Michigan reached a marijuana sales milestone in 2024, with\u00a0over $10 billion in adult-use cannabis products sold<\/a> that year.<\/p>\n State officials said in late 2023 that\u00a0tax revenue from legal marijuana grew by 49 percent<\/a>\u00a0compared to 2022, surpassing the amount of revenue made from alcohol sales. Marijuana sales incur a 10 percent excise tax\u2014among the lowest rates in the nation\u2014as well as a 6 percent state sales tax.<\/p>\n Meanwhile, Michigan legislators this session are looking into a proposal to create a statewide marijuana reference laboratory that would help standardize testing facilities to ensure quality control for cannabis products<\/a>.<\/p>\n Photo courtesy of Chris Wallis \/\/ Side Pocket Images.<\/em><\/p>\n The post Michigan Officials Are Sending Nearly $100 Million In Marijuana Tax Money To Local Government And Tribes<\/a> appeared first on Marijuana Moment<\/a>.<\/p>\n
Michigan officials have announced they are distributing nearly $100 million in marijuana tax revenue to over 300 local governments and tribes across the state thanks to the state\u2019s adult-use legalization law. The $94 million in tax dollars will support various local infrastructure, education and other programs and services in 313Continue Reading<\/a><\/span><\/p>\n","protected":false},"author":458,"featured_media":85564,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[18,81],"tags":[],"_links":{"self":[{"href":"https:\/\/cannabiscultivatornews.com\/home\/index.php\/wp-json\/wp\/v2\/posts\/85563"}],"collection":[{"href":"https:\/\/cannabiscultivatornews.com\/home\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/cannabiscultivatornews.com\/home\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/cannabiscultivatornews.com\/home\/index.php\/wp-json\/wp\/v2\/users\/458"}],"replies":[{"embeddable":true,"href":"https:\/\/cannabiscultivatornews.com\/home\/index.php\/wp-json\/wp\/v2\/comments?post=85563"}],"version-history":[{"count":1,"href":"https:\/\/cannabiscultivatornews.com\/home\/index.php\/wp-json\/wp\/v2\/posts\/85563\/revisions"}],"predecessor-version":[{"id":85565,"href":"https:\/\/cannabiscultivatornews.com\/home\/index.php\/wp-json\/wp\/v2\/posts\/85563\/revisions\/85565"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/cannabiscultivatornews.com\/home\/index.php\/wp-json\/wp\/v2\/media\/85564"}],"wp:attachment":[{"href":"https:\/\/cannabiscultivatornews.com\/home\/index.php\/wp-json\/wp\/v2\/media?parent=85563"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/cannabiscultivatornews.com\/home\/index.php\/wp-json\/wp\/v2\/categories?post=85563"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/cannabiscultivatornews.com\/home\/index.php\/wp-json\/wp\/v2\/tags?post=85563"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
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\nRead More: Michigan Officials Are Sending Nearly 0 Million In Marijuana Tax Money To Local Government And Tribes<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"