Michigan Marijuana Tax Revenue 2025
- Michigan Cannabis
- Cannabis Business in Michigan
- Michigan Marijuana Tax Revenue
Related Pages:
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.
The cannabis tax data in Michigan showed varying revenues across fiscal years from 2019-20 to 2022-23. Marihuana excise tax collections started at over 17.8 million in 2019-20 and surged to more than 255 million by 2022-23. The medical marihuana excise tax, which reached its peak at 576 million in 2018-19, significantly decreased to just $2,000 by 2022-23. There was no available data for 2017-18. These shifts pointed to changes in the recreational and medical cannabis markets in Michigan over the years.
| Fiscal Year | Marihuana Excise Tax | Medical Marihuana Excise Tax |
|---|---|---|
| 2022-23 | $255,347,000 | $2,000 |
| 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: January 15, 2025
Source: Michigan Department of Treasury