Michigan marijuana revenue sharing
WebFeb 28, 2024 · Municipalities across southwest Michigan are about to be seeing green for selling green. More than 3.5 million dollars is headed to communities in Berrien, Cass and Van Buren counties this week as The … WebSep 19, 2024 · Here’s how the marijuana tax revenue will be split up, according to a House Fiscal Agency analysis: 30 percent to the state. 25 percent to the cities that opt into the new licensing program and allow marijuana facilities. 30 to the counties where facilities are located. 5 percent the Sheriff’s offices in those counties.
Michigan marijuana revenue sharing
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WebMar 24, 2024 · In 2024, Muskegon’s share of the marijuana tax revenues was $112,000. Earlier this year, Muskegon city commissioners agreed to spend $13,700 of those proceeds on its social equity allocation for... Web1 day ago · Michigan Marijuana Sales Hit Record High Of $250 Million In March, State Data Shows ... sharing and purchasing of up to one ounce of cannabis for adults 21 and older. ... Seven percent of marijuana business fee revenue would go to a “Justice Reinvestment Fund” that supports restorative justice, workforce development, technical assistance ...
WebAug 19, 2024 · Sales tax revenue from recreational marijuana is expected to total roughly $59 million in fiscal year 2024, with $42.9 million going to the School Aid Fund, $5.9 million to revenue sharing... WebApr 10, 2024 · Michigan marijuana stores made over $128 million from recreational use in February 2024. Total sales for marijuana increased, with stores making over $200 million as of February this year, according to a report by the state cannabis regulatory agency. Related: Former Michigan marijuana board chair, others face federal bribery charges
WebMar 25, 2024 · – The Michigan Department of Treasury today announced that more than $ 42.2 million will be distributed among 163 municipalities and counties as a part of the Michigan Regulation and Taxation of Marijuana Act. Next week, 62 cities, 15 villages, 33 townships and 53 counties will be receiving payments from the Marihuana Regulation Fund. WebMar 25, 2024 · Michigan municipalities that allow recreational marijuana sales within their borders will split more than $42 million from the state’s marijuana regulation fund, the …
WebThe 10% excise tax brought in revenues of $31 million in 2024 and $111 million in 2024. According to the Michigan Treasury: 15% to municipalities in which a marijuana retail …
WebFeb 22, 2024 · The first year of state-licensed recreational marijuana sales in Michigan saw $511 million of sales in recreational and $474 million in medical sales, generating over $100 million in tax revenue ... rockland maine houses for saleWebAug 19, 2024 · The state House Fiscal Agency has estimated that when the recreational market for marijuana is fully established after 2024, annual sales will approach $949 million, bringing in $94.9 million... other words for body shamingWebMar 25, 2024 · According to the Michigan Department of Treasury, cities and counties receive more than $50,000 per dispensary. Owosso city manager Nathan Henne said they … rockland maine houses for rentWebMar 25, 2024 · (CBS DETROIT) -- Michigan cities, townships and counties are splitting millions of dollars in revenue from marijuana sales las year. The $42 million in revenue … rockland maine historical societyWebJan 11, 2024 · The latest data brings Michigan’s total cannabis sales for 2024 to $1,311,951,737 for adult-use and $481,225,540 for medical marijuana. And those purchases are translating into hundreds of millions of dollars in tax revenue for the state. rockland maine ice rinkWebFeb 28, 2024 · Municipalities across southwest Michigan are about to be seeing green for selling green. More than 3.5 million dollars is headed to communities in Berrien, Cass and Van Buren counties this week as The Michigan Department of Treasury ... Local governments get over $3.5M boost from marijuana revenue sharing program. February … other words for body imageWebMar 1, 2024 · Full information regarding revenue sharing is available online at: Michigan.gov/RevenueSharing . Revenue was collected from 574 licensees during the … rockland maine homes for sale zillow