As Michigan’s cannabis market matures, cash from sales of the plant and its derived products are driving an unprecedented tax windfall in Kalamazoo County.
The 2024 county budget anticipates $1.75 million in cannabis tax revenue over the coming year, according to a draft version presented to the board of commissioners.
If the estimate is accurate, it would represent the highest amount ever received by the county, which began collecting taxes in 2021.
Kalamazoo County cannabis tax proceeds by year:
- 2021 — $1,072,615
- 2022 — $1,555,236
- 2023 budget — $1,031,900
- 2024 budget — $1,750,000
Fiscal year 2024 runs from Oct. 1, 2023 to Sept. 30, 2024.
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