Michigan Officials Announce $290 Million In Marijuana Tax Revenue Funds For Cities, Schools And Transportation

The Michigan Department of Treasury announced on Thursday that more than $87 million in cannabis tax revenue will be distributed to the 269 municipalities that are opted into cannabis. These municipalities include 99 cities, 30 villages, 69 townships and 71 counties. The municipalities are able to use these funds however they deem fit, according to State Treasurer Rachel Eubanks. 

In addition to these municipalities, education and transportation efforts in the state will each receive $101.6 million from the state’s overall cannabis tax revenue of $290 million. 

Read more: https://www.marijuanamoment.net/michigan-officials-announce-290-million-in-marijuana-tax-revenue-funds-for-cities-schools-and-transportation/