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Michigan’s Marijuana Tax Coughs Up Only $37.38 Million in Second Quarter, Falling Short of Projec...

Thu, Sep 3

Perspectives

Cannabis taxes aren't a magical level for state legislators to pull when they need revenue. Look at Michigan. The state raised its cannabis tax to 24% — in Q2, that generated about $37.38 million. The quarterly projection was $105 million. https://t.co/0y4K7lOmmi

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Michigan's new wholesale marijuana tax one again fell short of projected revenues, based on reporting from the Michigan Treasury.

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