Michigan communities will share a record $87M in marijuana tax revenue
Michigan communities will share a record $87M in marijuana tax revenue and this is truly a landmark moment for the state. Detroit, being the city with the most recreational marijuana dispensaries, will receive nearly $2 million in revenue from the 10% excise tax. This influx of money can make a significant impact on the city and its residents, providing much-needed funds for various community projects and initiatives.
Wayne County, with the highest number of dispensaries and microbusinesses, will also benefit greatly from this tax revenue, receiving $3.5 million. These funds can be allocated towards improving infrastructure, public services, or even investing in local businesses to further stimulate economic growth.… Continue reading
John Q. Hosedrinker