Calhoun County is set to receive more than $1 million in state payments as part of the Michigan Regulation and Taxation of Marijuana Act.
The county will receive $1,185,522 for the 21 licensed marijuana retail businesses in the area.
Battle Creek also will receive approximately $508,080 from the Marihuana Regulation Fund for the 9 licensed retail businesses in the city.
Emmett Township, which has 11 marijuana retail shops, will receive $620,987, and the Village of Tekonsha, which has one shop, will receive $56,453.
For the 2021 fiscal year, more than $111 million was collected from Michigan’s 10% adult-use marijuana excise tax. In total, there was $172 million available for distribution from Marihuana Regulation Fund.
More than $1.1 billion in adult-use marijuana sales was reported for fiscal year 2021, nearly tripling last year’s sales of $341 million.
State law outlines how the money is distributed, and the total amount each municipality gets is based on the number of marijuana retail stores and microbusinesses located there.
Cities, villages and townships get 15% of the total fund, and the money is allocated based on the number of marijuana retail businesses. Another 15% of the fund goes to counties that host marijuana retail locations. That amount is also allocated based on the number of businesses in the county. Another 35% goes to the school aid fund to be used for K-12 education, and the final 35% goes to the Michigan transportation fund to be used for…
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Calhoun County is set to receive more than $1 million in state payments as part of the Michigan Regulation and Taxation of Marijuana Act.
The county will receive $1,185,522 for the 21 licensed marijuana retail businesses in the area.
Battle Creek also will receive approximately $508,080 from the Marihuana Regulation Fund for the 9 licensed retail businesses in the city.
Emmett Township, which has 11 marijuana retail shops, will receive $620,987, and the Village of Tekonsha, which has one shop, will receive $56,453.
For the 2021 fiscal year, more than $111 million was collected from Michigan’s 10% adult-use marijuana excise tax. In total, there was $172 million available for distribution from Marihuana Regulation Fund.
More than $1.1 billion in adult-use marijuana sales was reported for fiscal year 2021, nearly tripling last year’s sales of $341 million.
State law outlines how the money is distributed, and the total amount each municipality gets is based on the number of marijuana retail stores and microbusinesses located there.
Cities, villages and townships get 15% of the total fund, and the money is allocated based on the number of marijuana retail businesses. Another 15% of the fund goes to counties that host marijuana retail locations. That amount is also allocated based on the number of businesses in the county. Another 35% goes to the school aid fund to be used for K-12 education, and the final 35% goes to the Michigan transportation fund to be used for…
