LANSING, Mich. — Close to $100 million is being distributed among 302 entities and tribes in Michigan from the Michigan Regulation and Taxation of Marijuana Act.
Throughout the next few days, 108 cities, 36 villages, 80 townships, 74 counties and four 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.
State law outlines how much is distributed to local entities, tribes, schools, roads and bridges.
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.
“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,” said Cannabis Regulatory Agency (CRA) Executive Director Brian Hanna. “This portion of the excise tax revenue makes a direct impact in the communities where our licensees work and live.”
Just a few examples of payments being received:
Traverse City: $756,972.58Grand Traverse County: $931,658.56Cadillac: $116,457.32Wexford County: $116,457.32Gaylord: $465,829.28Otsego County: $465,829.28Sault Ste. Marie: $291,143.30Chippewa County: $349,371.96
You can view the full amount of distributions across Michigan below:
Close to $100 million is being distributed among 302 entities and tribes in Michigan from the Michigan Regulation and Taxation of Marijuana Act. Read More
