Michigan Marijuana Tax Revenue 2024

What is the Tax Rate for Marijuana in Michigan?

The legislation, named the Michigan Regulation and Taxation of Marihuana Act (MRTMA), introduces the following taxes on retail cannabis sales:

  • Marihuana Retailers Excise (MRE) Tax: 10%
  • Sales Tax: 6%

Michigan Cannabis Industry Taxes

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