Local roads, fire departments, parks and development projects are just some of the ways that Michigan municipalities allowing retail recreational cannabis sales are spending their first yearly allocation of cannabis excise tax revenue.
The state’s 2018 voter-initiated law that legalized recreational cannabis includes a 10 percent excise tax on retail recreational sales. The Marihuana Regulation Fund distributes 15 percent of revenues to municipalities, 15 percent to counties, 35 percent to the statewide School Aid Fund and 35 percent to the Michigan Transportation Fund.
Nearly $10 million total from excise taxes was distributed to 38 cities, seven villages, 21 townships and 38 counties earlier this year. Each municipality and county received $28,000 for each licensed cannabis retail store or microbusiness that was operating within its jurisdiction as of Sept. 30, 2020.
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