WebMar 4, 2024 · The Michigan Department of Treasury is distributing nearly $10 million to more than 100 state municipalities and counties as a part of the Michigan Regulation and Taxation of Marijuana Act. That breakdown of disbursements includes 38 cities, seven villages, 21 townships and 38 counties. Each began receiving payments from the … WebJan 7, 2024 · A recent study of marijuana-related taxes across the nation predicts Michigan will collect nearly $350 million in connection to recreational marijuana sales in 2024. That figure combines...
2024 Tax revenue sharing for Adult Use Retail and Microbusiness ...
WebMar 25, 2024 · – The Michigan Department of Treasury today announced that more than $ 42.2 million will be distributed among 163 municipalities and counties as a part of the Michigan Regulation and Taxation of Marijuana Act. Next week, 62 cities, 15 villages, 33 townships and 53 counties will be receiving payments from the Marihuana Regulation Fund. WebFeb 22, 2024 · The first year of state-licensed recreational marijuana sales in Michigan saw $511 million of sales in recreational and $474 million in medical sales, generating over $100 million in tax revenue ... herd auction
Michigan expects $18.2M in taxes on medical marijuana this year
WebMar 24, 2024 · In 2024, Muskegon’s share of the marijuana tax revenues was $112,000. Earlier this year, Muskegon city commissioners agreed to spend $13,700 of those proceeds on its social equity allocation for... WebMar 25, 2024 · In total, more than $1.1 billion in adult-use marijuana sales was reported for fiscal year 2024. “It’s rewarding to see that the agency’s balanced regulatory approach is … WebJun 30, 2024 · The study shows that one in five Michiganders reported using cannabis in the last year, and that Michigan's marijuana industry generated $169 million in tax and fee revenue in 2024, but it could ... matthew cotton little falls ny