By 420 Intel on Friday, 25 March 2022
Category: Business News - 420 Intel

Michigan marijuana: More than $42.2 million going to cities, counties with pot businesses

 Michigan municipalities with licensed pot businesses are getting a chunk of more than $42.2 million as part of the state's Regulation and Taxation of Marijuana Act.

Cities, villages, townships, and counties will get $56,400 for every licensed retail store and microbusiness in its jurisdiction. This means 62 cities, 15 villages, 33 townships, and 53 counties have money coming.

Ann Arbor has the most marijuana licenses in the state. It is getting $1,411,336. The county it is in, Washtenaw County, is getting $1,806,510.08.

"The Michigan Department of Treasury will distribute these dollars as soon as practical to eligible local units of government," State Treasurer Rachael Eubanks said.

Original link
Original author: Cannabis News

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