Michigan to distribute nearly $100M in marijuana tax revenue
It’s time to start previewing our next TV5 Game of the Week, sponsored by Saginaw County CTE and Saginaw Career Complex. Boxing champion Claressa Shields has been suspended from fighting in Michigan and is under investigation after testing for marijuana, according to a report from Reuters.
Michigan will pay out funds equaling $100 million from the 10% excise tax on recreational marijuana sales to 298 municipalities and 4 tribes.
The Michigan Unarmed Combat Commission suspended Claressa Shields after an “oral fluid sample” showed the presence of marijuana.
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MLive- Flint/Saginaw/Bay City on MSNSaginaw County communities set to receive nearly $1 million in Michigan marijuana fundsNearly $1 million in Marijuana Regulation and Taxation of Marijuana Act funds will be distributed to municipalities in Saginaw County. State data shows Saginaw County is tabbed to receive $989,887 from the nearly $100 million being distributed among 302 local entities and tribes across the state.
Of that nearly $100 million, more than $3 million is headed to communities in Berrien, Cass, and St. Joseph counties.
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MLive Ann Arbor on MSNGenesee County’s appetite for marijuana fuels $3.8M in revenue sharing for local governmentsGenesee County and six of its cities and townships are about to collect more than $3.8 million in marijuana excise taxes from the state Treasury Department.
Lume Cannabis launched a new company in Florida to capture a portion of the national intoxicating hemp market.
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MLive- Flint/Saginaw/Bay City on MSNMichigan marijuana faces ‘year of reckoning’ in 2025Prices hit historic lows, revenue slumps and businesses face closures as the Michigan marijuana market struggles.
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