The Michigan Governor signed a law establishing a 24 percent excise tax on the wholesale price of sales, transfers, or aggregate amount or quantity of marihuana cultivated. The new tax applies to marijuana establishments, provisioning centers, and retail licensees, beginning Jan. 1, 2026. [H.B. 4951, enacted 10/07/25]
This story was produced by Bloomberg Tax Automation, and edited by Bloomberg Tax staff.
