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	<title>Rachael Eubanks Archives | Paradise Found</title>
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	<description>Medical Cannabis Dispensary in Portland, Oregon and Milwaukie, Oregon</description>
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		<title>March Marks New High for Cannabis Sales in Michigan</title>
		<link>https://paradisefoundor.com/march-marks-new-high-for-cannabis-sales-in-michigan/</link>
		
		<dc:creator><![CDATA[Jason]]></dc:creator>
		<pubDate>Thu, 18 Apr 2024 03:00:27 +0000</pubDate>
				<category><![CDATA[adult use]]></category>
		<category><![CDATA[aggregated]]></category>
		<category><![CDATA[Brian Hanna]]></category>
		<category><![CDATA[cannabis sales]]></category>
		<category><![CDATA[concentrates]]></category>
		<category><![CDATA[edibles]]></category>
		<category><![CDATA[flower]]></category>
		<category><![CDATA[Marihuana Regulation Fund]]></category>
		<category><![CDATA[Medical]]></category>
		<category><![CDATA[Michigan]]></category>
		<category><![CDATA[Midwest]]></category>
		<category><![CDATA[news]]></category>
		<category><![CDATA[Rachael Eubanks]]></category>
		<category><![CDATA[Recreational]]></category>
		<category><![CDATA[retail]]></category>
		<category><![CDATA[vape cartridges]]></category>
		<guid isPermaLink="false">https://paradisefoundor.com/march-marks-new-high-for-cannabis-sales-in-michigan/</guid>

					<description><![CDATA[<p>The newest set of data released by the Michigan Cannabis Regulatory Agency (CRA) shows that the state has once again set a [&#8230;]</p>
<p>The post <a href="https://paradisefoundor.com/march-marks-new-high-for-cannabis-sales-in-michigan/">March Marks New High for Cannabis Sales in Michigan</a> appeared first on <a href="https://paradisefoundor.com">Paradise Found</a>.</p>
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<p>The newest set of data released by the Michigan Cannabis Regulatory Agency (CRA) shows that the state has once again set a new record for adult-use cannabis sales.</p>
<p>According to the CRA, the state collected <a href="https://www.michigan.gov/cra/-/media/Project/Websites/cra/Agency-Reports/Statistical-Reports/monthly-report/March-2024-Monthly-Report.pdf">$286.8 million in adult-use cannabis sales in March</a>, which made up for 99% of all sales. In terms of product popularity, flower still reigns supreme with $131.4 million in sales. A total of $54.4 million was sold in vape cartridges, as well as $33.9 million in inhalable concentrates, and finally edibles at $26.3 million.</p>
<p>The CRA splits Michigan up into five distinct regions: upper lower/upper peninsula (the region at the top of the state sandwiched between Lake Michigan and Lake Huron, and also the northern portion of land that borders Canada), mid lower (sometimes referred to as Central Michigan), southwest (containing cities such as Kalamazoo and Lansing), east/southeast (which includes cities such as Ann Arbor but spans all of eastern Michigan with the exclusion of the Detroit area), and Wayne (i.e. Wayne County, which mainly covers Detroit).</p>
<p>Among these regions, the east/southeast region collected the most in total adult-use cannabis sales with $128,929,767, followed by $79,432,048 in the southwest region, $31,845,920 in Wayne, $29,373,053 in upper lower/upper peninsula, and lastly, $17,209,468 in the mid lower area.</p>
<p>In total medical cannabis sales, the southwest area led with $141,535, followed by Wayne with $945,992, east/southeast with $809,515, upper lower/upper peninsula with $81,273, and finally mid lower with $79,695.</p>
<p>The state has 785 licensed retailers operating, in addition to 260 processors, eight Class A cultivators, 112 Class B cultivators, and 845 Class C cultivators.</p>
<p>Despite record-breaking adult-use sales, medical cannabis continues to decline, and the state only collected $2.1 million sold at 213 provisioning centers. As of March 2024, Michigan has a total of 107,040 medical cannabis cardholders, 8,302 caregivers, and 191 physicians in total. The state received and approved 2,636 initial applications for medical cannabis cards, alongside 1,158 approved renewals. Out of the 27 medical conditions approved to be treated with medical cannabis, the highest percentage by far is chronic pain, which affects 62.95% of all approved patients. Other significant percentages above one percent includes patients who suffer from severe and chronic pain (48.82%), arthritis (21.98%), post-traumatic stress disorder (8.32%), muscle spasms (6.83%), severe nausea (5.99%), cancer (2.83%), inflammatory bowel disease (1.33%), and glaucoma (1.13%).</p>
<p>The CRA also reported that the Marijuana and Tobacco Investigation Section (MTIS), along with the Michigan State Police, worked together to conduct 37 seizures of illegal cannabis products. This resulted in the “confiscation of 14,929 plants, 11,165 pounds of flower, and 3,133 units of marijuana product.”</p>
<p>The most recent record in Michigan’s March 2024 sales topples the previous record set in December 2023. Tallied numbers for the entirety of 2023 show that the state <a href="https://hightimes.com/news/michigan-adult-use-medical-cannabis-sales-reach-3-6-billion-in-2023/">surpassed $3 billion</a>.</p>
<p>At the end of February, the <a href="https://www.michigan.gov/treasury/news/2024/02/29/adult-use-marijuana-payments-being-distributed-to-michigan-municipalities-and-counties">Michigan Department of Treasury</a> announced how adult-use cannabis tax revenue funds will be granted through its <a href="https://www.michigan.gov/treasury/news/2024/02/29/adult-use-marijuana-payments-being-distributed-to-michigan-municipalities-and-counties">Marihuana Regulation Fund</a>. The money was acquired with taxes from the state’s 737 licensees during FY 2023, with a total of $290.3 million. “This week, many Michigan municipalities and counties will begin seeing their share of adult-use marijuana payments appear in their banking accounts,” said <a href="https://www.michigan.gov/treasury/news/2024/02/29/adult-use-marijuana-payments-being-distributed-to-michigan-municipalities-and-counties">State Treasurer Rachael Eubanks</a>. “Through a partnership, the dollars received from the adult-use marijuana taxes and fees are distributed to our participating communities. These dollars may be spent how our local units deem fit to their needs.”</p>
<p>The agency stated that 269 of the state’s municipalities would be receiving a portion of $87 million (approximately $59,000 for every licensed retail store or microbusiness in its jurisdiction), while $101.6 million would be granted toward education and an additional $101.6 toward transportation. “The tax funding for municipalities and counties that comes from the marijuana excise tax is a very important benefit of the legal cannabis industry in Michigan,” <a href="https://www.michigan.gov/treasury/news/2024/02/29/adult-use-marijuana-payments-being-distributed-to-michigan-municipalities-and-counties">CRA Executive Director Brian Hanna said</a>. “The CRA is committed to doing our part in supporting our licensees so that they can continue to grow the local economy throughout the state with good-paying jobs and increased revenues for local government budgets.”</p>
<p>Michigan wasn’t the only state to break a few records last year. <a href="https://ctnewsjunkie.com/2024/01/10/ct-cannabis-market-reaches-new-high-in-december-246m-in-sales-for-2023/">Connecticut’s</a> monthly cannabis sales increased every month through December for a total of $274 million since sales began in January 2023. <a href="https://www.thebaltimorebanner.com/politics-power/state-government/cannabis-sales-maryland-LLAWBPPGA5CGXPWSK2LABQAZ7M/">Maryland</a> also saw an increase month-to-month in 2023 as well.</p>
<p>Adult-use cannabis in Illinois just passed the four-year mark, and 2023 was a particularly strong year for the state’s sales. The <a href="https://www.cbsnews.com/chicago/news/illinois-recreational-marijuana-sales-record-2023/">Illinois Department of Financial and Professional Regulation</a> stated that total sales amounted to $1.2 billion last year, with 42 million items sold, which is a 15% increase from numbers in 2022 according to CBS News. “The legalization of adult use cannabis was the start of uplifting the communities most impacted by the failed war on drugs,” Lt. Governor Juliana Stratton said last year. “The benefits from these sales will be used to continue investing in our economic growth in historically disinvested populations.”</p>
<p>The post <a href="https://hightimes.com/news/march-marks-new-high-for-cannabis-sales-in-michigan/">March Marks New High for Cannabis Sales in Michigan</a> appeared first on <a href="https://hightimes.com/">High Times</a>.</p>
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<p>The post <a href="https://paradisefoundor.com/march-marks-new-high-for-cannabis-sales-in-michigan/">March Marks New High for Cannabis Sales in Michigan</a> appeared first on <a href="https://paradisefoundor.com">Paradise Found</a>.</p>
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		<title>Cannabis Tax Funds Sent to Municipalities and Counties in Michigan</title>
		<link>https://paradisefoundor.com/cannabis-tax-funds-sent-to-municipalities-and-counties-in-michigan/</link>
		
		<dc:creator><![CDATA[Jason]]></dc:creator>
		<pubDate>Tue, 29 Mar 2022 03:00:55 +0000</pubDate>
				<category><![CDATA[aggregated]]></category>
		<category><![CDATA[Andrew Brisbo]]></category>
		<category><![CDATA[Cannabis excise tax]]></category>
		<category><![CDATA[Department of Treasury]]></category>
		<category><![CDATA[Michigan]]></category>
		<category><![CDATA[news]]></category>
		<category><![CDATA[Rachael Eubanks]]></category>
		<guid isPermaLink="false">https://paradisefoundor.com/cannabis-tax-funds-sent-to-municipalities-and-counties-in-michigan/</guid>

					<description><![CDATA[<p>On March 24, the Michigan Department of Treasury announced that $42.2 million in cannabis excise tax funds will be given to various [&#8230;]</p>
<p>The post <a href="https://paradisefoundor.com/cannabis-tax-funds-sent-to-municipalities-and-counties-in-michigan/">Cannabis Tax Funds Sent to Municipalities and Counties in Michigan</a> appeared first on <a href="https://paradisefoundor.com">Paradise Found</a>.</p>
]]></description>
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<p>On March 24, the <a href="https://twitter.com/MiTreasury?ref_src=twsrc%255Etfw%257Ctwcamp%255Etweetembed%257Ctwterm%255E1367478753757196291%257Ctwgr%255E%257Ctwcon%255Es1_&amp;ref_url=https%253A%252F%252Fwww.marijuanamoment.net%252Fmichigan-sends-10-million-in-marijuana-revenue-back-to-local-governments%252F">Michigan Department of Treasury</a> announced that $42.2 million in cannabis excise tax funds will be given to various cities, townships and counties in Michigan. These funds were collected during the 2021 fiscal year, with eligible municipalities and counties receiving funds for having retail stores or microbusinesses within its boundaries.</p>
<p>Michigan’s Marijuana Regulatory Agency Executive Director Andrew Brisbo shared that he’s proud to see how the state’s cannabis income is contributing to local communities. “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,” <a href="https://www.michigan.gov/treasury/0,4679,7-121-1755_1963-578993--,00.html">said Brisbo</a>. “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.” Each municipality or county is eligible to “receive more than $56,400 for every licensed retail store and microbusiness located within its jurisdiction.”</p>
<p>The $42.2 million cannabis tax funds were collected from a <a href="https://www.michigan.gov/documents/treasury/FY21__MRE_Web_Report_of_Distribution_03-24-22_750383_7.pdf">total of 374 cannabis business licensees</a> across the state, and will be divided between 62 cities, 15 villages, 33 townships and 53 counties. State Treasurer Rachael Eubanks said in a press release that these funds will be given to the chosen municipalities and counties soon. “The Michigan Department of Treasury will distribute these dollars as soon as practical to eligible local units of government,” said Eubanks. “The doubling of this year’s payment amounts will have a larger impact on local government budgets.”</p>
<p>Through the state’s 10% cannabis excise tax, over $111 million was collected in 2021 with a total of $172 million available for allocation. Additionally, $49.3 million was set aside for the School Aid Fund for K-12 education, and $49.3 million went toward the Michigan Transportation Fund.</p>
<p>In <a href="https://www.michigan.gov/treasury/0,4679,7-121-1755_1963-553542--,00.html">2021</a>, $10 million of the state’s cannabis excise tax funds were sent out to 100 municipalities (38 cities, seven villages, 21 townships and 38 counties). “The team at the Marijuana Regulatory Agency did a tremendous job getting the adult-use licensing program established and operating efficiently,” said Brisbo in 2021. “Infusing over $28,000 per retailer and microbusiness into local government budgets across the state is very impactful and shows how strong and successful the industry is becoming.”</p>
<p>The state is also welcoming its first cannabis consumption lounge in Hazel Park, called <a href="https://www.hotboxsocial.us/">Hot Box Social</a>, owned by Trucenta. “We are honored that Michigan has awarded us the state’s first license for a consumption lounge,” said Trucenta Chief Information Officer Nowfal Akash. “Our plan is to first use the space for corporate, social, and special events. Come summer, we’ll start scheduling events so the public can experience Hot Box Social with consumption-friendly activities like social gatherings, educational opportunities, and arts-focused activities.”</p>
<p>In the meantime, the <a href="https://hightimes.com/events/just-announced-high-times-cannabis-cup-michigan-peoples-choice-2022/"><em>High Times</em> Cannabis Cup People’s Choice Edition</a> has also returned to Michigan. While the competitor submission window has passed, judge kits will be available to the state starting on April 16. “While the majority of America is working from home, or not working at all, we now have the opportunity to test and rank quality cannabis products from a wide range of producers from the comfort of our own home to help crown the best in each state,” said Mark Kazinec, <em>High Times</em> Director of Competitions &amp; Events. “For brands, this is the best way to get your product into the hands of hundreds of new consumers and get real feedback, especially in a time of no live events. For Judges, this is the best job you’ll ever have, and the best way to see which products work best for you.”</p>
<p>The post <a rel="nofollow" href="https://hightimes.com/news/cannabis-tax-funds-sent-to-municipalities-and-counties-in-michigan/">Cannabis Tax Funds Sent to Municipalities and Counties in Michigan</a> appeared first on <a rel="nofollow" href="https://hightimes.com/">High Times</a>.</p>
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<p>The post <a href="https://paradisefoundor.com/cannabis-tax-funds-sent-to-municipalities-and-counties-in-michigan/">Cannabis Tax Funds Sent to Municipalities and Counties in Michigan</a> appeared first on <a href="https://paradisefoundor.com">Paradise Found</a>.</p>
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