LANSING, Mich. (News 10) – A new report from the state’s Treasury Department shows Michigan’s 24% wholesale marijuana tax is lagging way behind.
The tax went into effect in January, aimed at bringing in more money for road improvements across Michigan.
When lawmakers voted to implement the wholesale tax last year, a nonpartisan House Fiscal Agency analysis estimated it would bring in about $420 million a year, or about $105 million a quarter…