How are small towns in MI increasing their tax revenue? Marijuana sales.

What’s happening? Michigan legalized cannabis more than a year ago. mall cities are reaping the revenue benefits without raising existing taxes.

Why is this important? Cities benefit from license fees and tax revenue from marijuana with no impact to law enforcement activity or budgets.

How will this be important? When cities have little ability to rate taxes, new taxes provide a key revenue source.

Fox 17 | Small towns getting thousands of dollars in tax revenue thanks to marijuana sales