The Michigan Department of Treasury is dispersing almost ten dollars million to significantly more than 100 communities as part of the Michigan Regulation and Taxation of Marijuana Act.
More than $341 million in adult-use cannabis product sales had been reported for fiscal 2020.MarijuanaThis year week, 38 cities, seven villages, 21 townships and 38 counties began receiving payments from the state Marihuana Regulation Fund for every licensed marijuana that is recreational store and microbusiness within its jurisdiction, based on a news launch through the Michigan
Regulatory Agency. This means each eligible municipality and county will receive around $28,000 for every licensed retail store or microbusiness.
Washtenaw for the state’s 2020 fiscal year County, which has 22 dispensaries, will collect the money that is most at significantly more than $616,000. Ann Arbor, house to 17 dispensaries, gets significantly more than $476,000, in line with the continuing state.[Read more at Crain’s Detroit Business]