Communities that sell marijuana are set to get nearly $200 million in funds collected from the taxation of the sales from the state of Michigan.
Last year, Michigan’s legal marijuana industry sold more than $1.8 billion in product, resulting in the collection of $198.4 million in tax revenue.
Of the tax revenue in the Marihuana Regulation Fund, $59.5 million will be distributed to 224 municipalities and counties across the state, according to the Michigan Department of the Treasury.
Read the full story from Crain’s Detroit Business.
Original Author Link click here to read complete story..