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…
NOTE TO INVESTORS: The latest news and updates relating to RYAH Group Inc. are available in the company’s newsroom at https://cnw.fm/RYAH
About CNW420
CNW420 spotlights the latest developments in the rapidly evolving cannabis industry through the release of two informative articles each business day. Our concise, informative content serves as a gateway for investors interested in the legalized cannabis sector and provides updates on how regulatory developments may impact financial markets. Articles are released each business day at 4:20 a.m. and 4:20 p.m. Eastern – our tribute to the time synonymous with cannabis culture. If marijuana and the burgeoning industry surrounding it are on your radar, CNW420 is for you! Check back daily to stay up-to-date on the latest milestones in the fast -changing world of cannabis.
To receive instant SMS alerts, text CANNABIS to 21000 (U.S. Mobile Phones Only)
For more information please visit https://www.CNW420.com
Please see full terms of use and disclaimers on the CannabisNewsWire website applicable to all content provided by CNW420, wherever published or re-published: http://CNW.fm/Disclaimer
Do you have questions or are you interested in working with CNW420? Ask our Editor
CannabisNewsWire420
Denver, Colorado
http://www.CNW420.com
303.498.7722 Office
Editor@CannabisNewsWire.com
CNW420 is part of the InvestorBrandNetwork.