In 2023, communities across Michigan that embraced adult-use marijuana sales experienced a notable rise in revenue, with over $87 million distributed among eligible cities, villages, townships, and counties.
A total of 99 cities, 30 villages, 69 townships, and 71 counties received funds from the Marihuana Regulation Fund, marking a significant increase of more than $25 million from the previous year. Each eligible municipality and county is slated to receive over $59,000 for every licensed retail store and microbusiness operating within its jurisdiction.
Throughout the 2023 fiscal year, revenue was collected from 737 licensees statewide, with certain municipalities hosting multiple licensed retail stores and microbusinesses.
Counties such as Wayne, Washtenaw, Kent, Oakland, and Bay were among the top earners in revenue distributions, while cities like Detroit, Ann Arbor, Lansing, Grand Rapids, and Kalamazoo led the way on the city level.
The $87 million in shared revenue represents a significant increase from the $59.5 million distributed in the preceding fiscal year. This surge is attributed to the burgeoning presence of the cannabis industry in Michigan, now the second-largest market in the United States, following California.
In addition to the funds allocated to municipalities and counties, $101.6 million was directed to the School Aid Fund for K-12 education, and another $101.6 million was earmarked for the Michigan Transportation Fund.
Overall, the distribution of marijuana tax revenue underscores the substantial economic impact of the cannabis industry in Michigan, contributing to various sectors and fostering growth and development in communities statewide.