The Business of Cannabis

Michigan Marijuana Wholesale Tax Generates $70M Less Than Expected

Jun 9, 2026 | Feature, Great Lakes Region, Michigan

Michigan’s 24% wholesale tax on marijuana generated tens of millions less than expected in its first four months, according to a new report from the Michigan Treasury Department. The tax took effect Jan. 1 and was projected to generate $420 million a year to pay for...

What Changes In Michigan Marijuana Taxes Could Mean For Ann Arbor

Mar 26, 2026 | Feature, Great Lakes Region, Michigan

Declining marijuana tax revenue may mean less money for social services in Ann Arbor. Marti Praschan, the city’s chief financial officer, raised the issue at a City Council budget work session Monday night, March 23, discussing changes with Michigan marijuana taxes...

Marijuana Businesses Can’t Force Court To Do ‘Imaginary’ Rescheduling Review To Exempt Them From 280E Tax, IRS Says

Mar 11, 2026 | National

While marijuana may soon be rescheduled under federal law, that doesn’t currently exempt state-legal cannabis businesses from an Internal Revenue Service (IRS) code known as 280E that bars them from taking federal tax deductions, the agency argues in a new filing with...

As Michigan Cannabis Revenue Drops 16% In January, Senators Seek Repeal Of Wholesale Tax

Mar 3, 2026 | Feature, Great Lakes Region, Michigan

A controversial Michigan marijuana wholesale tax went into effect Jan. 1, putting an extra 24% charge on the books for distributors. The tax was put in place to pay for road work, but a bipartisan group of some senators wants to see the marijuana tax structure...

California Marijuana Companies Face More State Tax Audits, Facing Millions Of Dollars In Unpaid Taxes

Feb 26, 2021 | Michigan

Three years after the launch of California’s legal marijuana market, cannabis tax experts warn the industry should expect state regulators to ramp up tax enforcement, noting that several audits of MJ businesses are already underway. As a result, many companies might...