In this file photo, Mariana Toma, store manager for PUFF Utica displays packages of cannabis edibles. (GINA JOSEPH – The Macomb Daily)
Starting this week, the green fruits of Michigan’s booming marijuana industry will be delivered to communities where dispensaries are based.
Almost $100 million will be distributed across 302 local entities and tribes as part of the Michigan Regulation and Taxation of Marijuana Act, the state treasury department said Friday.
Tax revenue from 2024’s pot sales climbed to $331 million. The school and transportation funds will receive $116 million each, while cities, townships, and counties will get nearly $100 million, state officials said.
A budtender displays cannabis at the Higher Path medical marijuana dispensary in the San Fernando Valley area of Los Angeles, California, December 27, 2017. AFP PHOTO / Robyn Beck (Photo credit should read ROBYN BECK/AFP/Getty Images)
“The dollars received from the adult-use marijuana taxes and fees go toward schools, roads and back into Michigan’s neighborhoods,” State Treasurer Rachael Eubanks said in a news release. “Local entities and tribes can spend these dollars however they deem fit for their needs.”
In Macomb County, seven cities and townships will be counting the extra greenbacks:
Center Line — $640,515
Chesterfield Township — $116,457
Lenox Township — $58,228
Mount Clemens — $232,914
New Baltimore — $174,685
Romeo — $116,457
Utica – $116,457
Neighboring Oakland County has double the amount of communities receiving weed revenue than Macomb:
Berkley — $291,143
Ferndale — $349,371
Hazel Park — $582,286
Holly — $58,228
Lake Orion — $58,228
Madison Heights — $174,685
Orion Township — $58,228
Oxford Township — $174,785
Oxford — $349,771
Pleasant Ridge — $116,457
Royal Oak — $174,685
Southfield — $116,457
Walled Lake — $174,685
Waterford Township $232,914
JARS Cannabis operates retail outlets in Mount Clemens, pictured, and Center Line. The Chesterfield Township store will be the dispensary’s third one in Macomb County. (MACOMB DAILY FILE PHOTO)
Under the Michigan Regulation and Taxation of Marijuana Act, tax revenue from pot sales is distributed across the state into three different pots: the School Aid Fund, and the Michigan Transportation Fund, and municipalities with at least one business.
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According to the news release, 108 cities, 36 villages, 80 townships, 74 counties and 4 tribes will receive payments from the Marihuana Regulation Fund. For the State of Michigan’s 2024 fiscal year, this means each eligible municipality, county and tribe will receive more than $58,200 for every licensed retail store and microbusiness located within its jurisdiction.
As a part of recent changes in state law, over $931,000 will be distributed among four federally recognized tribes in Michigan for the first time.
For the 2024 state fiscal year, there was more than $331 million available for distribution from the Marihuana Regulation Fund. Revenue from the state’s 10% adult-use marihuana excise tax and other fees go into the fund.
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.
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Cannabis Regulatory Agency (CRA) Executive Director Brian Hanna, said municipalities, counties, and tribes benefit from their local cannabis businesses in many ways, including good-paying jobs, community involvement, and increased revenues in their in their budget.
“This portion of the excise tax revenue makes a direct impact in the communities where our licensees work and live,” he said.
Michigan marijuana users lead the nation in several sales metrics, including per capita sales, to become the country’s largest regulated marijuana market, according to mjbizdaily.com.
Jars Cannabis Utica to celebrate its grand opening with winter sports and more
