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Cannabis business reacts to 24% wholesale tax going into effect on Jan. 1

One of Michigan’s fastest-growing industries is facing a major tax hike this New Year’s Day.

One of Michigan’s fastest-growing industries is facing a major tax hike this New Year’s Day.
On Thursday, a new 24% marijuana wholesale tax was imposed on top of the state’s already existing 10% retail tax and 6% sales tax, placing a 40% total tax on… [1305 chars]

Source: CBS News | Published: 2026-01-01T22:39:42Z

Credit: CBS News

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