Michigan Marijuana Tax Revenue: 14 Oakland County Communities Set to Receive Millions
Fourteen Oakland County communities will share nearly $3 million in revenue collected from Michigan’s 10% recreational marijuana excise tax during the 2024 fiscal year. Each eligible municipality and county will…
Cannabis buds with high CBD and low THC content stand on display in glass jars plant next to a scale at an exhibitor’s stand at the Mary Jane Berlin cannabis and hemp trade fair on June 14, 2024 in Berlin, Germany. Germany legalized cannabis consumption earlier this year. Cannabis production by local cannabis clubs will become legal in July.
Sean Gallup/Getty ImagesFourteen Oakland County communities will share nearly $3 million in revenue collected from Michigan's 10% recreational marijuana excise tax during the 2024 fiscal year.
Each eligible municipality and county will receive $58,228.66 for every licensed recreational marijuana retail store and microbusiness. A total of 50 marijuana businesses across the 14 communities will result in Oakland County receiving a separate payment of $2,911,433.
Those 14 communities are:
- Berkley
- Ferndale
- Hazel Park
- Village of Holly
- Village of Lake Orion
- Madison Heights
- Orion Township
- Oxford Township
- Village of Oxford
- Pleasant Ridge
- Royal Oak
- Southfield
- Walled Lake
- Waterford Township
During fiscal year 2023, 12 communities were home to 37 marijuana businesses, and the county's payment from the state was $2,127,109. According to an analysis by Kurt Metzger of the Oakland County Times, the $99.5 million collected from among Michigan's cities, villages, and townships during the 2024 fiscal year represents about a 14% increase from the $87 million in tax revenue generated for the 2023 fiscal year. Oakland County's marijuana tax revenue increased by about 37% during the 2024 fiscal year compared to the previous year.
Michigan voters approved the legalization of recreational marihuana (the state spells the word with an "h") for adults 21 and older in 2018 — the first state in the Midwest to do so. The Michigan Regulation and Taxation of Marihuana Act (MRTMA), the legislation that resulted from the vote, applies an excise tax of 10% on retail marihuana sales in addition to the state's 6% sales tax.
