The Michigan Department of Treasury 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.
99 cities, 30 villages, 69 townships and 71 counties will receive payments from the Marihuana Regulation Fund.
“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.
Detroit alone will be receiving 1,949,849.55 in revenue, the highest across the state.
“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.”
To view the complete list of cities and funding: michigan.gov/treasury/-/media/Project/Websites/treasury/Uncategorized/2024/Adult-Use-Marijuana/FY-2023-Adult-Use-Marijuana-Payments-2-28-24.pdf?rev=8ce42c82d49d4e7fae0eb6b659101fcf&hash=54ADFAA05BEAE9D8C2D88CF0E34FB84E
Leave feedback about this