420 With CNW - Michigan Lawmakers, Advocates Say 24% Levy On Cannabis Is Prohibitively High

2025-10-06 11:02:26

(MENAFN- Investor Brand Network) Michigan's cannabis industry is pushing against a proposed wholesale tax on marijuana products that lawmakers want to use to pay for road repairs in the upcoming state budget. Advocates argue that the new levy is set far too high and would damage one of the state's fastest-growing industries by cutting jobs and stalling future investment.

Across the country, high marijuana taxes have been one of the major costs that companies are grappling with, and multistate firms like Curaleaf Holdings Inc. (TSX: CURA) (OTCQX: CURLF) have been....

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