Business

Cannabis industry reacts to 24% tax proposal

ByPot Shop News

October 6, 2025

[#item_full_content] The new 24% wholesale tax will take effect in 2026, but some in the cannabis industry believe it will hurt their bottom line. Cannabis industry reacts to 24% tax proposal Read More

Author: Pot Shop News

ByPot Shop News

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Michigan’s cannabis industry leaders are sounding the alarm about an impending 24% wholesale tax on marijuana that is set to take effect in January, warning it could drive consumers to the illegal market and put small operations out of business.
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A Lansing dispensary owner says he's opposed to a 24% wholesale tax proposed as part of state budget agreements this week, and says it could drive consumers to the black market.
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The Michigan House approved a new 24% wholesale tax on marijuana projected to raise $420M a year for road construction and repairs.
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