420 with CNW — Michigan Dispatches $10M Off Marijuana Taxes to Disadvantaged Communities

March 9, 2021 16:25:01

Although most opponents of cannabis legalization posited that allowing access to cannabis would boost drug abuse and crime rates among the youth, proponents focused on all the good a lucrative cannabis market could do. Aside from expunging the records of those with prior nonviolent, cannabis-related convictions, a cannabis market would provide plenty of tax revenue for states to carry out social justice initiatives, which is what Michigan is doing.

Thanks to the Michigan Regulation and Taxation of Marijuana Act, more than 100 communities in the state will receive close to $10 million from the Michigan Department of Treasury. A news release from the state’s cannabis regulatory agency says that, starting last week, it began sending around $28,000 to 38 cities, 38 counties, 21 townships, and 7 villages for every licensed…


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