The Michigan Department of Treasury is circulating almost ten dollars million to a lot more than 100 communities as an element of the Michigan Regulation and Taxation of Marijuana Act.
More than $341 million in adult-use cannabis product sales had been reported for financial 2020.
This year week, 38 cities, seven villages, 21 townships and 38 counties began receiving payments from the state Marihuana Regulation Fund for every licensed marijuana that is recreational store and microbusiness within its jurisdiction, based on a news launch through the Michigan Marijuana Regulatory Agency. This means each eligible municipality and county will receive around $28,000 for every licensed retail store or microbusiness.
Washtenaw for the state’s 2020 fiscal year County, which has 22 dispensaries, will collect the money that is most at a lot more than $616,000. Ann Arbor, house to 17 dispensaries, can get a lot more than $476,000, based on the continuing state.[Read more at Crain’s Detroit Business]