Michigan to distribute nearly $100M in marijuana tax revenue
It’s time to start previewing our next TV5 Game of the Week, sponsored by Saginaw County CTE and Saginaw Career Complex. Boxing champion Claressa Shields has been suspended from fighting in Michigan and is under investigation after testing for marijuana, according to a report from Reuters.
Michigan will pay out funds equaling $100 million from the 10% excise tax on recreational marijuana sales to 298 municipalities and 4 tribes.
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MLive- Flint/Saginaw/Bay City on MSNSaginaw County communities set to receive nearly $1 million in Michigan marijuana fundsNearly $1 million in Marijuana Regulation and Taxation of Marijuana Act funds will be distributed to municipalities in Saginaw County. State data shows Saginaw County is tabbed to receive $989,887 from the nearly $100 million being distributed among 302 local entities and tribes across the state.
The Michigan Unarmed Combat Commission suspended Claressa Shields after an “oral fluid sample” showed the presence of marijuana.
Of that nearly $100 million, more than $3 million is headed to communities in Berrien, Cass, and St. Joseph counties.
Lenawee County and its communities that house adult-use marijuana establishments will be the recipient of revenue sharing dollars from the Marihuana Regulation Fund.
The Michigan Department of Treasury is issuing the latest round of marijuana tax revenue to communities throughout the state that allow such businesses, and those dollars really add up. According to Treasury,
As oversupply hammers prices and the industry remains walled off from other states' markets, Michigan’s largest cannabis company is heading south to sell a different kind of weed. Evart-based Lume Cannabis Co.
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