Tuesday, September 19, 2017

Michigan has barely made any money off marijuana. That ends next year. | Bridge Magazine

Michigan has barely made any money off marijuana. That ends next year. | Bridge Magazine:
Richard Clement"Nine years after the legalization of medical marijuana in Michigan, not only are the rules confusing, but state and municipalities with medical marijuana ordinances have made little revenue from the industry.
The product has not been taxed and the hundreds of dispensaries statewide are not yet legal, so no income tax has been collected, according to the Michigan Department of Licensing and Regulatory Affairs.
Cities such as Detroit have only collected money for issuing licenses for the businesses while the state has collected fees for medical marijuana cards.
By law, these funds are to be used to administer the program and do not go into the general fund..."


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