{"id":10633,"date":"2021-03-03T13:38:52","date_gmt":"2021-03-03T17:38:52","guid":{"rendered":"http:\/\/blogs.mml.org\/wp\/inside208\/?p=7865"},"modified":"2021-03-03T13:38:52","modified_gmt":"2021-03-03T17:38:52","slug":"recreational-marijuana-payments","status":"publish","type":"post","link":"https:\/\/mml.org\/inside208\/2021\/03\/03\/recreational-marijuana-payments\/","title":{"rendered":"Recreational Marijuana Payments"},"content":{"rendered":"\n\n\n
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On March 4, the Michigan Department of Treasury will begin distributing more than $45.7 million collected from taxes and fees under the Michigan Regulation and Taxation of Marihuana Act<\/em> (Initiated Law 1 of 2018)<\/a>.<\/p>\n

As part of the Act<\/a>, after funding statutorily defined distributions, disbursements will be as follows:<\/p>\n

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  1. 15% to municipalities in which a marijuana retail store or a marijuana microbusiness is located, allocated in proportion to the number of marijuana retail stores and marijuana microbusinesses within the municipality.<\/li>\n
  2. 15% to counties in which a marijuana retail store or a marijuana microbusiness is located, allocated in proportion to the number of marijuana retail stores and marijuana microbusinesses within the county.<\/li>\n
  3. 35% to the School Aid Fund to be used for K-12 education.<\/li>\n
  4. 35% to the Michigan Transportation Fund to be used for the repair and maintenance of roads and bridges.<\/li>\n<\/ol>\n

    Distributions to Local Units of Government <\/strong><\/p>\n

    Cities, villages, townships and counties will be receiving nearly $10 million under the Act. The distribution rate for FY 2020 Recreational Marijuana payments is slightly over $28,000 per licensed marijuana retail store and microbusiness.<\/p>\n

    Each city, village, and township will receive a payment based on the number of licensed marijuana retail stores and microbusinesses located within its jurisdiction. In addition, counties will receive a payment based on the number of licensed marijuana retail stores and microbusinesses located within its jurisdiction.<\/p>\n

    A listing of Recreational Marijuana payments can be found in the following document:<\/p>\n