PODCAST:
Sept. 2, 2026 ~ Robin Schneider, executive director of the Michigan Cannabis Industry Association, joins Chris Renwick and Lloyd Jackson to discuss how Michigan’s revenue from its new weed tax continues to lag behind projections.
MICHIGAN ~ Michigan’s new wholesale marijuana tax one again fell short of projected revenues, based on reporting from the Michigan Treasury.
Michigan’s monthly financial report showed that the 24% tax generated $37.38 million in tax revenue for the second quarter of 2026, according to Crain’s Detroit Business. This is slightly up from the first quarter revenue at $34 million, though that was only a third of the projected $105 million a quarter.
However, the $73.4 million total collected so far is a far cry from the estimated $315 million generated from the tax in the 2026 fiscal year, which ends Oct. 1. The tax has come under fire for adding financial pressure on already strained marijuana businesses.
The tax was introduced last year as a way to fund road repairs across Michigan.
