marijuana tax revenue

Michigan Treasury: Too Early To Judge New 24% Marijuana Tax

LANSING — Michigan Treasury officials are pushing back against claims that the state's new 24% wholesale marijuana tax is underperforming, arguing that it is simply too early to judge a tax that took effect less than six months ago. The Michigan 24% marijuana tax has become a flashpoint since it took effect earlier this year.

By |2026-07-06T12:49:58-04:00June 5th, 2026|Marijuana Business, News|

Michigan’s Cannabis Market Sends Mixed Signals As April Sales Rise But Industry Pain Deepens

LANSING - Michigan’s cannabis industry delivered another paradox in April: total marijuana sales increased sharply thanks in part to the annual 4/20 holiday surge, yet many cannabis operators remain trapped in an increasingly brutal price war that continues squeezing profits across the state. According to data released by Michigan’s Cannabis Regulatory Agency and reported by

By |2026-05-15T09:09:31-04:00May 15th, 2026|Hemp, Marijuana Business, News|