LANSING, MI (WKZO AM/FM) – Michigan’s new 25% wholesale tax on cannabis products enacted January 1st is not meeting revenue projections.
The tax has generated $34-million in the first three months of 2026, well below the $86-million that had been forecasted by the Michigan Treasury Department.
Treasury spokesperson Danelle Gittus says the tax is new and complex, and there are several factors that can impact collection of the tax as its implemented.
Michigan Cannabis Industry Association executive director Robin Schneider says the plan to pay for road funding with the cannabis tax “has failed exactly as the cannabis industry said it would.”
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