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Michigan Collects $271 Million In Cannabis Tax Revenue Since 2019

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As the cannabis industry expands, Michigan can expect greater tax revenue. Since 2019, the state has collected about $271 million in adult-use marijuana tax revenue, a website called The Center Square reports:  In March 2021, the Michigan Treasury described what adult-use cannabis taxes collected in fiscal year 2020 will fund:

“Aside from the nearly $10 million in disbursements to municipalities and counties, around $11.6 million will be sent to the School Aid Fund for K-12 education and another $11.6 million to the Michigan Transportation Fund, upon appropriation. The remaining $12.5 million amount will be used toward start-up and administrative costs.”

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