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Read more about the article New Cannabis tax raises come in more than million below projections for first quarter of 2026

New Cannabis tax raises come in more than $50 million below projections for first quarter of 2026

  • Post author:Zariah
  • Post published:June 8, 2026
  • Post category:In The News

Michigan’s new 25-percent wholesale tax on cannabis products, enacted on January 1, is falling severely short of its initial revenue projections. The tax generated just $34 million during the first…

Continue ReadingNew Cannabis tax raises come in more than $50 million below projections for first quarter of 2026
Read more about the article Cannabis wholesale tax not meeting revenue projections

Cannabis wholesale tax not meeting revenue projections

  • Post author:Zariah
  • Post published:June 8, 2026
  • Post category:In The News

Michigan’s new 25% wholesale tax on cannabis products enacted January 1st is not meeting revenue projections. The tax has generated $34-million in the first three months of 2026, well below…

Continue ReadingCannabis wholesale tax not meeting revenue projections
Read more about the article Marijuana industry group: revenues from new cannabis tax suggest state plan failed

Marijuana industry group: revenues from new cannabis tax suggest state plan failed

  • Post author:Zariah
  • Post published:June 8, 2026
  • Post category:In The News

The latest numbers from the Michigan Department of Treasury are calling into question the state’s new 24% wholesale tax on marijuana. The Michigan Cannabis Industry Association says the state collected…

Continue ReadingMarijuana industry group: revenues from new cannabis tax suggest state plan failed
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