Exactly how much is open to interpretation, but some analysts' estimates suggest it could top $63 million a year.

New regulations for the state's medical marijuana industry, signed by Gov. Rick Snyder and taking effect in December (though a licensing system won't be active until December 2017), will require a 3 percent excise tax on dispensaries' gross sales receipts.

That could yield $21.3 million annually in revenue to the state, based on roughly 204,000 registered patients in the 2016 fiscal year, according to the Senate Fiscal Agency.

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Lindsay Vanhulle ~ CrainsDetroit.com ~

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