Michigan Lawmakers Pass 24% Cannabis Wholesale Tax, Dealing Devastating Blow to Industry

Michigan has some of the cheapest cannabis prices in the nation, but that might soon change under a controversial bill lawmakers passed Oct. 3 as part of the state’s budget deal.

The Michigan Senate voted, 19-17, on Oct. 3 to pass House Bill 4951, the “Comprehensive Road Funding Tax Act,” which aims to impose a 24% excise tax on the wholesale price of cannabis starting Jan. 1, 2026. The bill intends to raise an estimated $420.7 million annually to fund road and bridge repairs.

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