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The state sent the first marijuana revenue sharing payments to communities and counties with licensed marijuana retail stores this week. Ingham County received $ 308,000, Lansing nearly $ 280,000, and East Lansing received $ 28,000.
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A cabinet of different types of marijuana buds is available from Pleasantrees in East Lansing, the city’s first and so far only East Lansing facility to be licensed by the state for recreational and medical retailers. This variety is “Sour Grape Soda,” one of their most popular. The store opened for recreational sales on Saturday. They are in a wooded area near Merritt and Haslett Streets in East Lansing. (Photo by Matthew Dae Smith / Lansing State Journal)
“The revenue from marijuana taxes and fees is important to our local governments,” Treasurer Rachael Eubanks said in a press release. “During this extraordinary time, our employees are working on bringing these payments to the communities and districts affected. Every dollar helps now. “
A total of around 10 million US dollars was distributed to the “38 cities, seven villages, 21 townships and 38 counties” with licensed marijuana retail stores.
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Each eligible community and county will receive approximately $ 28,000 per licensed facility.
The state reported more than $ 340 million in adult marijuana sales last year, resulting in $ 31 million in collections from the 10% excise tax on adult marijuana.
“Together with the fees, a total of 45.7 million US dollars were available for distribution from the fund,” the state said in a press release.
Lansing officials expect payments to the city to increase over the next year. Further facilities are to be opened in 2021.
“Lansing’s licensed cannabis companies reintroduced previously vacant buildings and storefronts to the tax list and are now allocating nearly $ 300,000 to fill the budget gap created by the pandemic,” Lansing Mayor Andy Schor said in one Press release.
“Aside from nearly $ 10 million in disbursements to local governments and counties, approximately $ 11.6 million will go to the School Aid Fund for K-12 Education and an additional $ 11.6 million to the Michigan Transportation Fund transferred “, says a press release from the state. “The remaining $ 12.5 million will be used for start-up and administration costs.”
Contact business reporter Christian Martinez at [email protected] or (517) 267-1342. Follow him on Twitter at @ChristianM_CA.
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