Michigan Distributes $100M in Marijuana Tax Revenue

The State of Michigan is distributing nearly $100 million in marijuana tax revenue among 302 local entities and tribes as part of the Michigan Regulation and Taxation of Marijuana Act. Detroit, with its 54 marijuana licenses, will receive over $3 million, the most of any community in the state. Each municipality and county will receive approximately $58,200 for every licensed retail store and microbusiness, sourced from the 10% recreational marijuana excise tax. Additionally, Michigan's School Aid Fund and Michigan Transportation Fund will each receive over $116 million from the cannabis revenue. This year marks the inclusion of four federally recognized tribes, which will collectively receive more than $930,000. These funds support local priorities, including schools and roads, reflecting the significant economic impact of the cannabis industry in Michigan.