New Michigan Law Hits Cannabis with 24 Wholesale Tax to Fund Roads

Written By Lexx Thornton On October 7, Michigan Governor Gretchen Whitmer signed an $81 billion budget that includes a new 24% wholesale tax on cannabis to fund her ambitious road improvement plan. This tax, levied on transfers between cannabis businesses, takes effect on January 1, 2026, and is projected to raise approximately $420.7 million annually.  […]