Muni’s, counties share in the Pot pot.
Two cities in our county have recreational marijuana facilities, Grant and White Cloud. Last year they were among the 38 cities, 21 townships, 7 villages and 38 counties, a total of 83 governmental units, who received payments from the Marihuana Regulation Fund to the tune of about 28 grand per facility.
This year 374 municipalities and counties will be getting paid.
For the state of Michigan’s 2020 fiscal year, more than $31 million was collected from the 10% adult-use marijuana excise tax. Combined with fees, there was a total of $45.7 million available for distribution from the fund.
In fiscal year 2021 more than $111 million was collected from the 10% adult-use marijuana excise tax. In total, there was $172 million available for distribution from the fund.
Where does the money go?
Per state law allocations of this money include:
15% to municipalities in which a marihuana retail store or a marihuana microbusiness is located, allocated in proportion to the number of marihuana retail stores and marihuana microbusinesses within the municipality;
(b) 15% to counties in which a marihuana retail store or a marihuana microbusiness is located, allocated in proportion to the number of marihuana retail stores and marihuana microbusinesses within the county;
(c) 35% to the school aid fund to be used for K-12 education; and
(d) 35% to the Michigan transportation fund to be used for the repair and maintenance of roads and bridges.
Grant, home of High Profile will see about $56,000 hit their coffers while White Cloud where Skymint, the first facility in the county opened their doors to be later joined by Michiganja, will be receiving nearly $113,000.
And counties get in on the bounty as well with Newaygo County receiving just under $170K for being home to the 3 businesses that specialize in cannabis.
Revenue was collected from licensees among the state’s cities, villages and townships during the 2021 fiscal year. Some of these municipalities, like White Cloud, host more than one licensed retail store and microbusiness.
Mecosta County with a population about 6000 less than Newaygo will receive 677,441.28 for the 12 facilities that call Big Rapids home. The city of BR will be cashing the same size check as well.
Aside from the more than $42.2 million in disbursements to municipalities and counties, $49.3 million was sent to the School Aid Fund for K-12 education and another $49.3 million to the Michigan Transportation Fund.
In total, more than $1.1 billion in adult-use marijuana sales was reported for fiscal year 2021.
“It’s rewarding to see that the agency’s balanced regulatory approach is effectively protecting consumers while still allowing Michigan businesses to grow and thrive,” said MRA Executive Director Andrew Brisbo. “The funding provided directly to local governments – and the thousands of jobs created across the state – show that Michigan is leading the way in the cannabis industry.”
Want to see who got what across the state when it comes to this Cannabis Captured Cash?
Here is a breakdown of how much municipalities and counties received.