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Michigan Officials Are Sending Nearly $100 Million In Marijuana Tax Revenue To Cities And Tribes Across The State After Record-Breaking Cannabis Sales In 2024

Summary by Marijuana Moment
Michigan officials have announced that they’re disbursing nearly $100 million in marijuana tax revenue to over 300 cities and tribes across the state thanks to the state’s adult-use legalization law. That’s part of the overall $331 million in tax dollars Michigan is distributing across various initiatives. The tax dollars will support various local infrastructure, education and other needed services, the state Treasury Department says. “Starting…
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Marijuana MomentMarijuana Moment

Michigan Officials Are Sending Nearly $100 Million In Marijuana Tax Revenue To Cities And Tribes Across The State After Record-Breaking Cannabis Sales In 2024

Michigan officials have announced that they’re disbursing nearly $100 million in marijuana tax revenue to over 300 cities and tribes across the state thanks to the state’s adult-use legalization law. That’s part of the overall $331 million in tax dollars Michigan is distributing across various initiatives. The tax dollars will support various local infrastructure, education and other needed services, the state Treasury Department says. “Starting…

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Cannabis Law ReportCannabis Law Report

Announcement: Treasury: Adult-Use Marijuana Payments Being Distributed to Michigan Municipalities, Counties and Tribes; Nearly $100 Million Going to 302 Local Entities and Tribes Across State of Michigan

February 21, 2025 The Michigan Department of Treasury today announced that nearly $100 million is being distributed among 302 local entities and tribes as part of the Michigan Regulation and Taxation of Marijuana Act. Over the next few days, 108 cities, 36 villages, 80 townships, 74 counties and 4 tribes will receive payments from the Marihuana Regulation Fund. For the […]

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MITechNewsMITechNews

Michigan Treasury To Pay $58,200 From Cannabis Taxes For Every Licensed Dispo To Opt-In Cities Across The State

LANSING – The Michigan Department of Treasury on Feb. 21 announced that nearly $100 million is being distributed among 302 local entities and tribes as part of the Michigan Regulation and Taxation of Marijuana Act.   Over the next few days, 108 cities, 36 villages, 80 townships, 74 counties and 4 tribes will receive payments from the Marihuana Regulation Fund. For the State of Michigan’s 2024 fiscal year, this means each eligible municipality, c…

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newsbudz.comnewsbudz.com
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Green Market ReportGreen Market Report

Michigan to distribute nearly $100M in cannabis tax revenue to municipalities, tribes

This article was reprinted with permission from Crain's Detroit Business. The city of Detroit, a relatively new entrant into the regulated adult-use recreational market, is set to receive more than $3.14 million in shared marijuana tax revenue from the state treasury. Detroit, which began recreational marijuana sales in 2023, more than three... Please login to read all 467 words.

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The Marijuana HeraldThe Marijuana Herald

Michigan to Distribute Nearly $100 Million in Marijuana Tax Revenue to 302 Cities and Tribes

The Marijuana Herald - Marijuana news and information Michigan is distributing nearly $100 million to 302 entities and tribes as part of the Michigan Regulation and Taxation of Marijuana Act. A total of 108 cities, 36 villages, 80 townships, and four tribes will receive payments exceeding $58,200 for each licensed retail store and microbusiness within their jurisdictions. The funds are sourced from the Marihuana Regulation Fund, which receives r…

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The Marijuana Herald broke the news in on Friday, February 21, 2025.
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