In March 2024, the Michigan Treasury will distribute a record $87 million to 270 local and county governments that allowed retail marijuana sales and licenses during fiscal year 2023.
According to greenmarketreport.com, that provides more than $43.5 million to 198 cities, villages and townships, with the 71 counties in which those municipalities reside will distribute the remaining $43.5 million, meaning each community will receive $59,086.35 per license (a year-over-year increase of $7,245.14 per license). As of February 29, 2024, Michigan had 768 active recreational marijuana retailer licenses according to mlive.com.
The Fire Station (TFS) holds licenses in six of the 71 Michigan counties receiving funds, including Marquette County, Houghton County, Iron County, Chippewa County, Alger County, and Menominee County.
Let’s break down the municipalities in each county expected to receive funds soon in their bank accounts.
Marquette County’s 2023 distribution is $886,295.25.
The Fire Station operated three of the twelve licenses that operated in Marquette County between 10/1/22 and 9/30/23. TFS has store locations in Marquette, Negaunee, and Ishpeming.
In addition, the municipalities in this county receiving funds from the 2023 distribution are as follows:
- Sands Township – $118,172.70, 2 licenses
- Forsyth Township – $59,086.35, 1 license
- City of Ishpeming – $118,172.70, 2 licenses
- City of Marquette – 295,431.75, 5 licenses
- Marquette Township – $118,172.70, 2 licenses
- Negaunee Township – $118,172.70, 2 licenses
- Republic Township – $59,086.35, 1 license
Chippewa County’s 2023 distribution is $295,431.75.
One of the five licenses in Chippewa County is held by The Fire Station, which operates a store location in Sault Ste. Marie.
The municipalities in this county receiving funds from the 2023 distribution are as follows:
- City of Sault Ste Marie – $236,345.406, 4 licenses
- Village of Detour – $59,086.35, 1 license
Menominee County’s 2023 distribution is $295,431.75.
One of five licenses in Menominee County is held by The Fire Station, which operates a store location in Menominee.
The municipalities in this county receiving funds from the 2023 distribution are as follows:
- City of Menominee – $295,431.75, 5 licenses
Alger County’s 2023 distribution is $177,259.05.
One of the three licenses in Alger County is held by The Fire Station, which operates a store location in Munising.
The municipalities in this county receiving funds from the 2023 distribution are as follows:
- City of Munising – $177,259.05, 3 licenses
Iron County’s 2023 distribution is $295,431.75.
One of the five licenses in Iron County is held by The Fire Station, which operates a store location in Iron River.
The municipalities in this county receiving funds from the 2023 distribution are as follows:
- City of Iron River – $118,172.70, 2 licenses
- Mastodon Township – $59,086.35, 1 license
- City of Crystal Falls – $118,172.70, 2 licenses
Houghton County’s 2023 distribution is $295,431.75.
One of the five licenses in Houghton county is held by The Fire Station, which operates a store location in Houghton.
The municipalities in this county receiving funds from the 2023 distribution are as follows:
- City of Houghton – $177,259.05, 3 licenses
- Portage Township – $59,086.35, 1 license
- Torch Lake Township – $59,086.35, 1 license
Data above provided by the Cannabis Regulatory Agency. View a full list of 2023 recipients here.
More about Michigan's Excise Tax
Michigan voters approved the legalization of the recreational use of Marihuana for adults 21 years of age and older. The resulting legislation known as the Michigan Regulation and Taxation of Marihuana Act (MRTMA) imposes an excise tax of 10% on retail Marihuana sales in addition to a 6% sales tax. Both taxes are administered by the Department of Treasury. (via Michigan.gov)
An excise tax is a tax on the production, sale or consumption of a commodity in a country. Excise tax revenue is transferred to a fund and allocated for specific purposes. According to mlive.com, the law requires the 10% excise revenue to be disbursed as such: 30% to be split between local municipalities and the counties within which they reside; 35% to the School Aid Fund for K-12 education and 35% to the Michigan Transportation Fund.
At The Fire Station, both Michigan’s 6% sales tax and Michigan’s 10% excise tax is imposed on all products containing cannabis, including flower, pre-rolls, vaporizers, concentrates, edibles, tinctures, topicals and CBD. Any non-cannabis containing products, including accessories and apparel, impose only the 6% Michigan sales tax.
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