Michigan Treasury Department Publishes Information on New 24% Cannabis Wholesale Tax | How to order Skittles Moonrock online
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Despite a lawsuit aiming to prevent Michiganās new 24% cannabis wholesale tax from going into effect on Jan. 1, 2026, the stateās treasury department published information about its implementation.
The Michigan Cannabis Industry Association is attempting to stop the wholesale tax altogether, arguing in a lawsuit that the state Legislature needed to gain a three-fourths majority vote to make changes to the stateās citizen-initiated statute backed by 56% of voters in 2018.
Planning to move forward on imposing the new tax, the Michigan Department of Treasury published guidance on Nov. 4 that provides licensed businesses with details on filing requirements, calculation methods and payment procedures.
signed on Oct. 7 as part of Michiganās $81 billion state budget, the 24% tax will be applied to:
- the first sale or transfer of cannabis from a wholesaler to a retailer;
- cannabis cultivated and processed for retail sale by a cannabis retailer itself (e.g., microbusinesses); or
- sales or transfers of cannabis from medical provisioning centers to adult-use retailers.
An estimated $421 million in annual revenue generated by the new 24% wholesale cannabis will be deposited into a āneighborhood road fundā for infrastructure improvements, with $100 million going toward bridges, and the remaining revenue allocated to county road commissions, cities and villages.
https://cannabyssinc.store/wp-content/uploads/2025/11/17191-michigan-treasury-department-publishes-information-on-new-24-cannabis-wholesale-tax-how-to690a5a83b1d10 548 948 Tim Broody https://cannabyssinc.store/wp-content/uploads/2024/08/Cannabyss_Inc_Logo-removebg-preview-300x138.png Tim Broody2025-11-04 19:56:352025-11-04 19:56:35Michigan Treasury Department Publishes Information on New 24% Cannabis Wholesale Tax | How to order Skittles Moonrock online
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