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US (MI): Cannabis industry sending $60M to cities and counties with canna businesses

The continued growth of Michigan's cannabis industry is paying dividends, with the state sending out just shy of $60 million to counties and local governments.

Local governments that have approved the recreational sale of weed in their county, city, village, or township will see approximately $51,800 for every retail store and micro-business that it's handed out licenses to. 

Only 30% of total adult-use sales go to local governments, with the other 70% going to schools and roads. When contributions from last year are paired next to figures from 2021 and 2020, they show an industry that shows no signs of slowing down.

Washtenaw County, which has distributed 40 business licenses, saw the most return at around $2 million. Ann Arbor and Lansing were the only cities to eclipse a million in returned funding.

Read more at fox2detroit.com


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