In March 2023, the Michigan Treasury will distribute $59.5 million to 160 local municipalities and 64 counties that allowed retail marijuana sales during fiscal year 2022.
According to mlive.com, that works out to $51,841.21 per retail or microbusiness allowed to operate between Oct. 1, 2021 and Sept. 30, 2022, about $4,600 less per license than was distributed in 2021, but a cumulative statewide increase of $17.3 million — and a new annual high. The 2022 disbursement is based on 574 retail licenses that made sales during the year, versus 274 in 2021.
The Fire Station (TFS) holds licenses in five of the 64 Michigan counties receiving funds, including Marquette County, Houghton County, Iron County, Chippewa County and Alger County.
Let’s break down the municipalities in each county expected to receive funds soon in their bank accounts.
Marquette County’s 2022 distribution is $622,095.
The Fire Station operated two of the twelve licenses that operated in Marquette County between 10/1/21 and 9/30/22. TFS has store locations in Marquette and Negaunee.
In addition, municipalities in each county receiving funds from the 2022 distribution are as follows:
- City of Marquette – $207,365, 4 licenses
- Marquette Township – $103,682, 2 licenses
- Negaunee Township – $103,682, 2 licenses
- Sands Township – $103,682, 2 licenses
- Forsyth Township – $51,841, 1 license
- Republic Township – $51,841, 1 license
Chippewa County’s 2022 distribution is $311,047.
One of the six licenses in Chippewa county is held by The Fire Station, which operates a store location in Sault Ste. Marie.
The municipalities in each county receiving funds from the 2022 distribution are as follows:
- Sault Ste Marie – $259,206, 5 licenses
- Village of Detour – $51,841, 1 license
Houghton County’s 2022 distribution is $207,365.
One of the four licenses in Houghton county is held by The Fire Station, which operates a store location in Houghton.
The municipalities in each county receiving funds from the 2022 distribution are as follows:
- Houghton – $155,524, 3 licenses
- Portage Township – $51,841, 1 license
Iron County’s 2022 distribution is $207,365.
One of the four licenses in Iron County is held by The Fire Station, which operates a store location in Iron River.
The municipalities in each county receiving funds from the 2022 distribution are as follows:
- Crystal Falls – $103,682, 2 licenses
- Iron River – $51,841, 1 license
- Mastodon Township – $51,841, 1 license
Alger County’s 2022 distribution is $155,524.
One of the three licenses in Alger County is held by The Fire Station, which operates a store location in Munising.
The municipalities in each county receiving funds from the 2022 distribution are as follows:
- Munising – $155,524, 3 licenses
Data above provided by the Cannabis Regulatory Agency. View a full list of 2022 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.
More About The Fire Station Cannabis Co.
The Fire Station Cannabis Co. is a family owned retail company that operates across Michigan’s Upper Peninsula. Owned by two U.P. residents — Logan Stauber and Stosh Wasik — The Fire Station prides itself in being a local business that provides exceptional customer service and excellent pricing on cannabis products. The company was established in 2019 and currently has eight retail locations across the U.P.: Hannahville, Houghton, Iron River, Ishpeming, Marquette, Munising, Negaunee, and Sault Ste. Marie.
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