Cannabis Business Times' Best Cannabis Companies to Work For - 2027 Is Accepting Entries! Enter now.
Cannabis Business Times' Best Cannabis Companies to Work For - 2027 Is Accepting Entries! Enter now.
Michigan's Marijuana Tax Revenue Would Be Gutted by Lame Duck Bill | Cannabis Business Times

Create a free Cannabis Business Times account to continue reading

Continue to Site »
Site will load in 15 seconds

Michigan's Marijuana Tax Revenue Would Be Gutted by Lame Duck Bill

A bill proposed by outgoing Senate Majority Leader Arlan Meekhof would significantly change the voter-approved recreational marijuana program in Michigan.

Michigan State Capitol Adobe Stock Credit Bryndin Resized
Top Image: © bryndin | Adobe Stock

A bill proposed by outgoing Senate Majority Leader Arlan Meekhof, R-West Olive, would significantly change the voter-approved recreational marijuana program in Michigan, including by drastically lowering the tax revenue the state is set to receive.

Proposal 1 passed with 56 percent of the vote Nov. 6. It will take effect next week.

Meekhof, R-West Olive, introduced the bill Thursday.

In addition to lowering the tax rate from 10 percent to three percent, the bill cuts out Michigan's schools and roads from receiving tax revenue from legal marijuana. The state's six percent sales tax would still apply, said Amber McCann, Meekhof's spokeswoman.

Read more

Page 1 of 509
Next Page