“My team will begin distributing adult-use marijuana payments to Michigan’s local governments and tribal partners this week,” said State Treasurer Rachael Eubanks.
“The money raised from adult-use marijuana taxes and fees goes to schools, roads, and back into Michigan’s communities. Local governments and tribes can spend these funds as they see fit for their needs.”
For the first time, more than $931,000 will be distributed to four federally recognized tribes in Michigan as a result of recent state law changes.
For the 2024 fiscal year, the Marihuana Regulation Fund had more than $331 million available for distribution. The fund receives revenue from the state’s 10% adult-use marijuana excise tax and other fees.
State law specifies how much money is allocated to local governments, tribes, schools, roads, and bridges.
Aside from the nearly $100 million distributed to municipalities, counties, and tribes, more than $116 million was directed to the School Aid Fund for K-12 education and another $116 million to the Michigan Transportation Fund.
“Municipalities, counties, and tribes certainly benefit from their local cannabis businesses in many ways, including good-paying jobs, community involvement, and increased revenues for important priorities in their budget,” said Cannabis Regulatory Agency (CRA) Executive Director Brian Hanna.
“This portion of the excise tax revenue makes a direct impact in the communities where our licensees work and live.”
