Michigan Recreational Sales To Begin December 1November 19, 2019
Recreational cannabis sales will begin in Michigan on December 1, following a successful ballot initiative last year. However, nearly 1,400 of the state’s 1,773 municipalities have chosen to ban growers and retailers, severely limiting access.
Detroit’s city government recently joined in banning sales, though the ban is supposed to be temporary, lasting only through the end of January in order to provide the state’s most populous city more time to craft regulations.
In the first full fiscal year, cannabis sales are projected to generate $180.5 million in taxes, according to the Michigan Senate Fiscal Agency. That number is expected to grow to $287.9 million by 2022-23.—Danny SullivanSubscribe to Shanken News Daily’s Email Newsletter, delivered to your inbox each morning. You will also receive the Cannabis edition as part of your subscription.
Tagged : cannabis, Detroit, legalization, Michigan
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