Business
Michigan distributes 10 million in tax revenue to cities in the state
Michigan citizens purchased more than $341 million a week of legal recreational cannabis in fiscal 2020, and tax revenue from those sales is being distributed to local governments and services. The Michigan Treasury Department announced which will distribute nearly 10 million to more than 100 counties and state counties as part of the Michigan Cannabis Regulation and Taxation Act.
The State of Michigan is returning to municipalities, towns and counties a share of taxes corresponding to establishments licensed in their jurisdictions for cannabis for adult consumption. The distribution of the taxes collected is distributed among 38 cities, seven villages, 21 districts and 38 counties. They each began receiving payments from the Cannabis Regulatory Fund for every licensed retail store and microenterprise in their jurisdiction. For the state's 2020 fiscal year, each eligible county and county will receive approximately $28 for each licensed retail store or microenterprise.
NEWS RELEASE: Treasury: First Adult-Use Marijuana Payments Distributed to Michigan Municipalities, Counties https://t.co/5T4EadRUgw #MIGov pic.twitter.com/O4QKLEl34M
— Michigan Department of Treasury (@MiTreasury) March 4, 2021
“The revenue generated by cannabis taxes and fees is important to our local governments,” state treasurer Rachael Eubanks said in a statement. “At this extraordinary time, our team is working to deliver these payments to affected municipalities and counties. Every dollar helps now.”
During the state of Michigan's 2020 fiscal year, more than $31 million was raised through the adult cannabis consumption tax, levied at 10 percent. Combined with fees, the value amounts to 45,7 million available for distribution.
Under state law, the money will be distributed:
Nearly $10 million in disbursements to counties and counties, $11,6 million will be sent to the School Aid Fund for K-12 education, $11,6 million to the Michigan Transportation Fund and the amount of $12,5 million will cover costs initial and administrative. “The Marijuana Regulatory Agency (MRA) team has done an excellent job of effectively establishing and operating the adult use licensing program,” MRA Executive Director Andrew Brisbo said in a statement. “Injecting over $28 per facility into the budgets of various local governments across the state is very impactful and shows how strong and successful the sector is becoming.”
In two years, cannabis in Michigan has gone from being an illegal substance to being considered an “essential business” during the COVID-19 pandemic.
____________________________________________________________________________________________________
[Disclaimer: Please note that this text was originally written in Portuguese and is translated into English and other languages using an automatic translator. Some words may differ from the original and typos or errors may occur in other languages.]____________________________________________________________________________________________________
What do you do with €3 a month? Become one of our Patrons! If you believe that independent cannabis journalism is necessary, subscribe to one of the levels of our Patreon account and you will have access to unique gifts and exclusive content. If there are many of us, we can make a difference with little!
I am one of the directors of CannaReporter, which I founded together with Laura Ramos. I am from the unique Island of Madeira, where I currently reside. While I was in Lisbon at FCUL studying Physical Engineering, I became involved in the national hemp and cannabis scene and participated in several associations, some of which I am still a member of. I follow the global industry and especially legislative advances regarding the different uses of cannabis.
I can be contacted by email at joao.costa@cannareporter.eu
Thailand has found a solution where European countries still see a problem.
Reading Time: 13 minutes On my second trip to Thailand, I was once again pleasantly surprised. After visiting several...
The Royal Thai Embassy in Tokyo promotes "Adapting International Hemp to Japan's New Regulations"
Reading Time: 3 minutes The International Business Meeting “Adapting the International Market...” will take place tomorrow, November 13, 2025.
Portugal: Infarmed updates lists and removes licenses from two more medicinal cannabis companies.
Reading Time: 2 minutes. Infarmed has updated the public list of entities licensed for activities with medicinal cannabis in Portugal. The...
Portocanna strengthens its Hexacan portfolio with a new sublingual solution containing 20% THC.
Reading Time: 2 minutes. The Portuguese company Portocanna announced the launch of Hexacan® Hexa 01 Cannabis Oil Extract THC 20%,...
Cypress Hill confirmed for Rock in Rio Lisboa 2026
Reading Time: 2 minutes. The legendary American band Cypress Hill, whose hits "Insane in the Brain" and "Hits from the Bong"...
USA: Green Thumb Industries workers secure collective agreement after 45-day strike.
Reading Time: < 1 minute Workers at Green Thumb Industries, one of the largest multi-state cannabis companies in the United States...
Switzerland: Pacrim takes control of Medropharm and prepares for a new phase of expansion in medicinal cannabis.
Reading Time: 2 minutes. Pacrim has acquired two-thirds of the Swiss company Medropharm, thus gaining control of the company and its operations.
South Africa: Researchers discover rare phenolic compounds in cannabis leaves.
Reading Time: 4 minutes. Researchers at Stellenbosch University in South Africa have discovered that flavoalkaloids are produced in the leaves of the plant...
Covilhã – Dismantling of two cannabis greenhouses
Reading Time: < 1 minute The Castelo Branco Territorial Command, through the Criminal Investigation Unit (NIC) of Covilhã, in...
Tokyo will host the Japan International Hemp Expo on November 14th and 15th, 2025.
Reading Time: 4 minutes. For the first time since the legal reform, Japan opens its doors to the global hemp industry...
