Genujuana County Appetite feeds $ 3.8 million to share revenue for local administrations

Genesee County, MI – Genesis County and six of its cities and cities are going to raise over $ 3.8 million in marijuana Excise duties from the State Treasury Department.

The distribution will send $ 1.9 million in Genesee County, $ 640,515 to Flint, $ 582,286 to Burton, $ 349,371 to Thetford, $ 232,914 to Mt. Morris Township, as well as $ 58,228 for both Mt. Morris and Davison.

Each county, city, city and village in the state receives $ 58,228.66 per retail or microbusiness license in their jurisdiction for the fiscal year that ended on September 30.

The amount of PER-Licenta decreased slightly from $ 59,086.35 granted in the previous fiscal year, but the total payment increased by $ 12.4 million, according to the state.

Larger payments reflect market trends, with slow income in the last fiscal year and the total number of licenses.

With 33 marijuana retail traders, Genesee County tied Kalamazoo County on the fourth place on the state -of -income share list.

Wayne (86), Oakland (50) and Washtenaw (45) counties had the largest business number.

Excise duty on Michigan recreational marijuana is 10%, and payments are made annually.

The sharing of tax revenues was designed to attract municipalities to participate in the state marijuana market.

Taxes are divided by 30% sent to local, county and tribal governments; 35% at the School Aid Fund for Education K-12; and 35% at the Michigan transport fund for repairing and maintaining bridges and roads.

Road and school funds each received almost $ 116 million from marijuana excise revenues in the latest fiscal year.

In addition to excise duties, marijuana buyers also pay a 6% sales fee in Michigan.

Governor Gretchen Whitmer also suggested a wholesale fee on marijuana products as a means of raising another $ 470 million to help finance road repairs in her budget.