September 27, 2022

Michigan Counties Sharing $42.2 Million of Marijuana Tax Revenue

Cannabis

Photo by Tim Foster on Unsplash

In 2021, Michigan cities, townships and counties split more than $42 million in tax revenue from marijuana sales, according to new numbers released by the state. The tax revenue came only from recreational marijuana and was divided among communities that have approved recreational marijuana sales.

Washtenaw County, which is the Ann Arbor area, received the most of any local government with more $1.8 million in tax revenue from marijuana sales. Washtenaw Country is followed by Bay County at more than $1.3 million and Genesee County at more than $1 million.

In total, Michigan collected around $111 million from the 10% excise tax on more than $1.1 billion worth of adult use marijuana sales. Adding in other fees and taxes, Michigan collected roughly $172 million in total marijuana revenue in 2021.

The Michigan Transportation Fund, which goes towards road and bridge projects, and the School Aid Fund will each get $49.3 million from the marijuana revenue.

“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,” Michigan Marijuana Regulatory Agency executive director Andrew Brisbo said in a statement.