The legislation, named the Michigan Regulation and Taxation of Marihuana Act (MRTMA), introduces the following taxes on retail cannabis sales:
The data shows the amount of sales and use tax generated by marijuana businesses in Michigan.
Fiscal Year | Marihuana Excise Tax | Medical Marihuana Excise Tax |
2021-22 | $169,448,000 | $54,000 |
2020-21 | $101,589,000 | $158,000 |
2019-20 | $17,880,000 | $20,000 |
2018-19 | - | $576,000 |
2017-18 | - | - |
Last Updated: June 24, 2024
Source: Michigan Department of Treasury