KALAMAZOO, MI (WKZO AM/FM) — The Michigan Department of Treasury announced on Tuesday, February 28 that more than $59.5 million is being distributed among 224 municipalities and counties as a part of the Michigan Regulation and Taxation of Marijuana Act.
Over the next few days, 81 cities, 26 villages, 53 townships and 64 counties will receive payments from the Marihuana Regulation Fund with $5.5 million going to areas of Southwest Michigan.
Based on marijuana revenues collected in 2022, the following areas are expected to receive adult-use marijuana payments:
- Allegan City – three licenses; $155,523.63 in distributions
- Allegan County – eight licenses; $414,729.68 in distributions
- Battle Creek – 10 licenses; $518,412.10 in distributions
- Calhoun County – 26 licenses; $1,347,871.46 in distributions
- Kalamazoo City – 17 licenses; $881,300.57 in distributions
- Kalamazoo Township – four licenses; $207,364.84 in distributions
- Kalamazoo County – 30 licenses; $1,555,236.30 in distributions
- Portage City – nine licenses; $466,570.89 in distributions
The revenue itself was collected from 574 licensees among the state’s cities, villages and townships during the 2022 fiscal year, with some municipalities hosting more than one licensed retail store and microbusiness.
“Municipalities and counties will begin seeing these payments appear in their banking accounts,” said State Treasurer Rachael Eubanks. “Through a partnership, the dollars received from the adult-use marijuana taxes and fees are distributed to our participating communities.”
In total, more than $1.8 billion in adult-use marijuana sales was reported for Fiscal Year 2022.
For more information about adult-use marijuana tax distributions – including a breakdown of how much municipalities and counties received – go to Michigan.gov/RevenueSharing
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