Marijuana Money has already helped improve the township parks, fixed roads, paid for another sheriff deputy and more, Township supervisor Alan Baron told Bridge Michigan. This year, additional funds will probably go to other projects that would have been closed otherwise, including the required updates for government buildings.
Connected:
Beron believes that a stigma against entertaining marijuana also lives among members of its own community – which is why township authorities have focused on funds on large -scale projects that people can experience for themselves.
He said, “What we wanted to do is to let people see it … good things we are doing with things without any additional tax,” he said. “We try to get out of there.”
Michigan’s entertaining marijuana industry has hit record sales numbers in recent years, and revenue has continued to increase. According to the Treasury Department, the state collected more than $ 290.3 million in the financial year of 2023.
The tax is divided between the tax revenue schools, roads and local governments from recreational marijuana sales. This year, $ 101.6 million was sent to the School Assistance Fund for K-12 education, and another $ 101.6 million was deposited in the Michigan Transport Fund.
Very important benefits’
In addition to bonuses for roads and schools, funds for local governments purchased in the Marijuana industry “is a very important advantage of the legal cannabis industry in Michigan,” Bryan Hannah, executive director of the Canbis Regulatory Agency, said in a statement.
“Cra is committed to playing our role in supporting our licenses so that they can continue with the increase in revenue for the local economy in the entire state with good payment jobs and local government budgets.”
The city of Detroit, which allowed recreational marijuana sales in early 2023 and stands at 33 dispensaries, stands to achieve approximately $ 2 million from state payment. Other cities receiving more than $ 1 million include N Arber, Lansing, Grand Rapids and Kalamzu.
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