Detroit will receive more than $3 million in marijuana tax revenue — the most of any community in Michigan — as the Michigan Department of Treasury distributes a total of nearly $100 million in marijuana tax revenue among 302 local entities and tribes, the department said Friday.
Each eligible municipality and county will receive a little more than $58,000 for every licensed retail store and microbusiness based on revenue collected from the 10% recreational marijuana excise tax.
That’s about the same as what municipalities and counties received last year when 269 municipalities split $87 million in marijuana tax revenue.
Customers browse the wide selection of cannabis products at Noxx Friday, Oct. 7, 2022, in Grand Rapids.
Detroit also received the most tax revenue of any city last year, marking the first time it received tax revenue from marijuana sales after sales of recreational marijuana started in the city in early 2023. Wayne County once again will get the most tax revenue of any county this year at $5 million.
New this year, four federally recognized tribes in Michigan will split more than $930,000 as part of a recent change in state law, the department said.
“Municipalities, counties and tribes certainly benefit from their local cannabis businesses in many ways, including good-paying jobs, community involvement and increased revenues for important priorities in their budget,” Brian Hanna, executive director of Michigan’s Cannabis Regulatory Agency, said in a news release. “This portion of the excise tax revenue makes a direct impact in the communities where our licensees work and live.”
Aside from the nearly $100 million in disbursements to municipalities, counties and tribes, more than $116 million was sent to the School Aid Fund for K-12 education and another $116 million to the Michigan Transportation Fund.
More marijuana industry news: Bloom vape cartridges recalled for containing potentially unsafe MCT oil
Below is a list of the 11 municipalities that received the most money.
-
Ann Arbor, Grand Rapids: $1.5 million
-
Traverse City, Ypsilanti, Coldwater, Bay City and Bangor Township: $757,000
For a full list of municipalities, counties and tribes that will receive marijuana tax revenue, go to Michigan.gov/RevenueSharing.
(This story was updated because an earlier version included an inaccuracy.)
Contact Adrienne Roberts: [email protected].
This article originally appeared on Detroit Free Press: Michigan marijuana tax revenue: What your city will get
Read the full article here
