MichiganNews

Group: $134M in marijuana taxes if ballot measure passes

In this June 20, 2018 photo, marijuana and a pipe used to smoke it are displayed in New York. (AP Photo/Peter Morgan)

LANSING, Mich. (AP) — Organizers of a Michigan ballot initiative to legalize marijuana for recreational use say it would generate up to $134 million a year in taxes for state and local governments.

The Coalition to Regulate Marijuana Like Alcohol released the projection Monday in an economic study it commissioned.

The report estimates combined revenue from a 10 percent excise tax on retail sales and the 6 percent sales tax at $520 million in the first five years of implementation, including $134 million in 2023.

Proposal 1 spokesman Josh Hovey says the taxes would help underfunded roads, schools and local governments.

A group opposing the measure, Healthy and Productive Michigan, says the study does not factor in costs for state regulatory oversight and higher auto insurance rates due to more instances of drugged driving.

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1 comment

Jerry October 5, 2018 at 11:58 am

That is a terrible picture at the top of the marijuana and pipe. Thats some dirty mexican brick weed. Not medical type marijuana that has been lab certified clean. And that pipe is so 20 years ago. To all the people in Michigan, in November vote to legalize marijuana. Michigan for one needs the tax money. Plus i can get Michigan medical marijuana any time I want. So why not legalize it and make the taxes. Michigan can get a jump on things like states out west and gain tons of money from taxes. States like Indiana are so Red that if we ever do even get medical marijuana, we will be doing it after everyone else and years missed out on tax revenue. You would not believe how many people I know that moved into Niles and surrounding areas so they can get medical marijuana and they dont have to worry about going to jail just for smoking weed. Hopefully one day Indiana will catch up with the times.

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