The instructions from voters as to what Michigan leaders should do with the newfound recreational cannabis tax revenue were clear.
After paying to establish the Marijuana Regulatory Agency and licensing enforcement at a cost of about $12.4 million, the next $20 million was to fund clinical trials focused on treating veterans for pain and PTSD with marijuana, and to study the plant’s effects on suicide rates among military personnel, which are nearly 50% higher than among the general public, according to some studies.
The Marijuana Regulatory Agency and state Treasury last week outlined how the state would disburse nearly $45 million accrued in tax, application, licensing and renewal revenue from recreational cannabis sales. None of it was slated to go to clinical trials. Some cannabis industry insiders who helped write the law became concerned and began looking for answers.
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