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NJ lawmakers send tax relief bill to Gov. Murphy • Blumenauer's "Dear Colleague" letter seeks descheduling support • Michigan sends millions in cannabis taxes to localities • & more…

An excerpt from recent editions of the Cannabis Wire Daily newsletter.

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$59.5M from cannabis taxes headed to Michigan municipalities

Recipients include 81 cities, 26 villages, 53 townships, and 64 counties

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MI Treasury announces $59.5M in revenue distribution from 2022 marijuana sales

The Michigan Department of Treasury says more than $1.8 billion in marijuana was sold during the 2022 fiscal year.

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Michigan giving $59.5 million to communities with marijuana facilities

The 81 cities, 26 villages, 53 townships and 64 counties will receive $51,800 for every licensed marijuana retail store and microbusiness in their jurisdictions.

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Michigan communities share $60M in recreational marijuana tax revenue

The 224 municipalities that have recreational marijuana businesses will split a piece of the revenue collected from the 10% marijuana excise tax.

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