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…

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…

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…