The Michigan Department of Treasury has announced that nearly $100 million is being distributed among 302 local entities and tribes as part of the Michigan Regulation and Taxation of Marijuana Act.
Over the next few days, 108 cities, 36 villages, 80 townships, 74 counties and 4 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.
"Starting this week, my team will begin to distribute adult-use marijuana payments to Michigan’s local units of government and tribal partners," State Treasurer Rachael Eubanks said. "The dollars received from the adult-use marijuana taxes and fees go toward schools, roads and back into Michigan’s neighborhoods. Local entities and tribes can spend these dollars however they deem fit for their needs."
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.”
For additional information about adult-use marijuana tax distributions — including a breakdown of how much local entities and tribes received — go to Michigan.gov/RevenueSharing. To learn more about Michigan's adult-use marijuana industry, go to Michigan.gov/cra.
Over the next few days, 108 cities, 36 villages, 80 townships, 74 counties and 4 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.
"Starting this week, my team will begin to distribute adult-use marijuana payments to Michigan’s local units of government and tribal partners," State Treasurer Rachael Eubanks said. "The dollars received from the adult-use marijuana taxes and fees go toward schools, roads and back into Michigan’s neighborhoods. Local entities and tribes can spend these dollars however they deem fit for their needs."
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.”
For additional information about adult-use marijuana tax distributions — including a breakdown of how much local entities and tribes received — go to Michigan.gov/RevenueSharing. To learn more about Michigan's adult-use marijuana industry, go to Michigan.gov/cra.
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