State lawmakers in Michigan and Alaska have introduced bills that would cut cannabis taxes significantly.

Michigan cannabis industry hopeful for tax repeal

Republican state Sen. Jonathan Lindsey, who introduced the tax repeal bill in the state Legislature, said the tax is an unnecessary government overreach that will fail to generate the projected $420 million in road funding.

“The state is never going to get their projected $420 million for road funding because [the industry] isn’t going to exist anymore,” Lindsey told Moody. “And that’s what happens with the government singles out one industry and overtaxes them.”

Annual cannabis sales hit a record $3.17 billion in Michigan in 2025 amid price compression.

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