Marijuana brings in more tax revenue than beer, wine and liquor combined
And that accounting doesn't include the misery and millions of dollars saved in the prosecution and incarceration of harmless citizens.
Quote:
Sales of legal marijuana in Michigan contributed $266.2 million in tax revenue to the government during the most recent fiscal year, according to a new report from the legislature’s nonpartisan House Fiscal Agency. That’s more than the state made from the sale of beer, wine and liquor combined.
Tax from sales of adult-use cannabis were up 49.1 percent in fiscal year 2022–23, which ended in October, compared to $178.6 million collected the year before. That amounted to an additional $87.6 million in state revenue from cannabis sales compared to the prior 12 months.
Of all the major tax revenues itemized in the House Fiscal Agency report published last week, none grew at a faster rate than cannabis revenue.
https://www.marijuanamoment.net/mich...ohol-earnings/
Marijuana tax revenue sets record
...and that doesn't include the money and misery saved that used to be wasted prosecuting and incarcerating harmless users.
Michigan communities will share $87 million, with nearly $2 million of it going to Detroit
Adrienne Roberts
Detroit Free Press USA TODAY NETWORK
Detroit will receive the largest portion of the more than $87 million in marijuana tax revenue that's being distributed among the 269 municipalities that allow these businesses, the Michigan Department of Treasury said Thursday.
Detroit, which has 33 recreational marijuana dispensaries, will receive nearly $2 million in revenue collected from the 10% recreational marijuana excise tax, the most of any city. Each eligible municipality and county will receive $59,000 for every licensed retail store and microbusiness.
Wayne County, which has a total of 59 dispensaries and microbusinesses, will receive $3.5 million, the most of any county.