New Michigan Marijuana Tax Could Shutter Businesses And Actually Reduce The State’s Cannabis Revenue, Industry Says
“If you put more of a tax burden on these companies…they’re going to start going out of business. If there are no more businesses in this industry, who in the heck are you going to collect the taxes from?” By Kyle Davidson, Michigan Advance As state budget negotiations drew to a close last week, members […]
Michigan Lawmakers Approve Marijuana Tax Increase Projected To Raise $420 Million In Annual Revenue
“There was a willingness to consider multiple ways to get enough revenue… This just happened to be the one that could get the votes.” By Ben Solis, Michigan Advance After much hand wringing and consternation from lawmakers who feared detrimental effects to Michigan’s cannabis industry, the Michigan Senate voted early Friday morning by a thin […]
Michigan Lawmakers Pass Marijuana Tax Increase That’s Projected To Bring In $420 Million In New Revenue Every Year
“Everyone knows that a large increase in cannabis taxes drives customers straight back to the illicit market. That means businesses are going to fail, jobs will be lost and less tax revenue will be collected.” By Jordyn Hermani, Bridge Michigan This story was originally published by Bridge Michigan, a nonprofit and nonpartisan news organization. To […]