Treasury: Adult-Use Marijuana Payments to be Distributed to Michigan Municipalities, Counties
More than $42.2 Million to be Distributed Among 163 Local Units of Government
March 31, 2022
LANSING – The Michigan Department of Treasury today announced that more than $42.2 million will be distributed among 163 municipalities and counties as a part of the Michigan Regulation and Taxation of Marijuana Act.
Next week, 62 cities, 15 villages, 33 townships and 53 counties will be receiving payments from the Marihuana Regulation Fund. For the state of Michigan’s 2021 fiscal year, this means each eligible municipality and county will receive more than $56,400 for every licensed retail store and microbusiness located within its jurisdiction.
“The Michigan Department of Treasury...