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Michigan’s 24% cannabis tax faces backlash over fears it will harm the legal market and reduce revenue.
Michigan’s proposed 24% wholesale cannabis tax, which passed the House 78-21 and aims to raise $420 million for road repairs, faces strong opposition from industry leaders and Sen. Jeff Irwin, who warn it could collapse the legal market, drive sales underground, and reduce overall tax revenue—similar to California’s experience.
The tax, which would make Michigan’s cannabis taxes among the highest in the nation, is seen as a violation of the 2018 voter-approved law by some, prompting threats of legal action.
The bill now heads to the Senate for debate.
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El impuesto al cannabis del 24% de Michigan enfrenta una reacción violenta por temores a que dañe el mercado legal y reduzca los ingresos.