LANSING, Mich. -- Next week, the Michigan Department of Treasury will distribute $42.2 million to 163 local units of government from the Marihuana Regulation Fund.
Click on this hyperlink to view the adult-use marijuana payments to each municipality.
It stems from the Michigan Regulation and Taxation of Marijuana Act. Revenue was collected from 374 licensees among the state's cities, villages and townships during the 2021 fiscal year. About $1.1 billion was collected in adult-use marijuana sales. And more than $111 million was collected from the 10 percent adult-use marijuana excise tax. In total, there was $172 million available for distribution from the fund.
In a news release, the Michigan Department of Treasury says:
Aside from the more than $42.2 million in disbursements to municipalities and counties, $49.3 million was sent to the School Aid Fund for K-12 education and another $49.3 million to the Michigan Transportation Fund.
In total, more than $1.1 billion in adult-use marijuana sales was reported for fiscal year 2021.
"It's rewarding to see that the agency's balanced regulatory approach is effectively protecting consumers while still allowing Michigan businesses to grow and thrive," said MRA Executive Director Andrew Brisbo. "The funding provided directly to local governments - and the thousands of jobs created across the state - show that Michigan is leading the way in the cannabis industry."
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