The City of Wayne will receive a total of $225,600 in state regulatory funding for marijuana businesses licensed in the community.
Currently, Wayne has four licensed retail marijuana businesses and will receive $56,400 for each of the facilities as provided in the Michigan Regulation and Taxation of Marijuana Act. Cities, villages, townships, and counties will get $56,400 for every licensed retail store and microbusiness in its jurisdiction. This means 62 cities, 15 villages, 33 townships, and 53 counties will receive funds as part of the state regulation.
Ann Arbor with the largest number of marijuana licenses in the state, will receive $1,411,336. Washtenaw County, where Ann Arbor is located, will receive$1,806,510.08.
“The Michigan Department of Treasury will distribute these dollars as soon as practical to eligible local units of government,” State Treasurer Rachael Eubanks said. “The doubling of this year's payment amounts will have a larger impact on local government budgets.”
Additionally, $49.3 million was sent to the School Aid Fund for K-12 education and another $49.3 million went to the Michigan Transportation Fund, according to state officials.
This money is from the Marijuana Regulation Fund. It was collected from 374 licensees during the 2021 fiscal year. More $111 million was collected from the 10 percent adult-use marijuana tax.
“It's rewarding to see that the agency's balanced regulatory approach is effectively protecting consumers while still allowing Michigan businesses to grow and thrive,” said MRA Executive Director Andrew Brisbo.
“The funding provided directly to local governments - and the thousands of jobs created across the state - show that Michigan is leading the way in the cannabis industry.”
