Michigan recreational marijuana sales are nearing $18 million two months after the new industry’s Dec. 1 launch.
With $17,699,952 in sales between Dec. 1 and Feb. 2, the state has generated $2,938,192 in tax revenue, including $1,769,995 in excise taxes and $1,168,197 in sales taxes.
The excise tax on recreational marijuana is 10%. The sales tax is 6%.