Slough said the agreement called for 4 mills to be levied over 30 years and all of the personal property tax the city could collect on the development. The council was ready to sign off on a revenue-sharing agreement with Bagley Township to extend water and sewer service to a proposed RV park and commercial development off of M-32 East. Slough told the council that the name issue can be addressed when Wentworth submits her site plan/special use permit application for her location in the old Ponderosa restaurant building on West Main Street. She said she has reached out to Templeton's organization "and will continue to reach out to them." ![]() I have several dispensaries open under the name of Rize (in Iron Mountain and Marquette)." She said children are not going to "confuse our name which has a Z which is the concern. Julie Wentworth of Rize noted that someone must be 21 years of age or older to enter a dispensary. "By allowing a marijuana dispensary to operate under the same name we are allowing for the marketing of marijuana to youth.' "Our local youth sport T-shirts and other gear around town with our name," she said. Templeton said RISE in Otsego County was started in 2018 and has a well-established logo and brand. Meanwhile, Ellen Templeton from the RISE Otsego Substance Free Coalition, which advocates a substance-free lifestyle for youth objected to the application for the Rize dispensary because of the similar name for both organizations. Lots in the city's industrial park, which drew very little interest for years, are now turning over which could lead to even more investment, jobs and tax revenue.Ĭity Attorney Paul Slough, who devised Gaylord's "let the market decide" approach to marijuana businesses, said the city will start receiving "significant gross excise tax revenue from every one of those operations" once they begin operations. The other proposed businesses are all in varying stages of the regulatory process.Īwrey noted that the capital investment from applicants is already flowing into the city as vacant buildings are being bought or leased and refurbished. Depending on when it obtains state approval and completes store construction, that location could be open in a matter of months. That Lume location also had its site plan/ special use permit approved as well. To learn more about Michigan’s adult-use marijuana industry, go to Michigan.A spokesman for the company that operates the Lume cannabis outlets expressed the same sentiments for its planned store at 499 Dickerson Road. “The funding provided directly to local governments - and the thousands of jobs created across the state - show that Michigan is leading the way in the cannabis industry.”įor more information about adult-use marijuana tax distributions - including a breakdown of how much municipalities and counties received - go to /RevenueSharing. “It’s rewarding to see that the agency’s balanced regulatory approach is effectively protecting consumers while still allowing Michigan businesses to grow and thrive,” Marijuana Regulatory Agency Executive Director Andrew Brisbo said. In total, more than $1.1 billion in adult-use marijuana sales was reported for fiscal year 2021. State law outlines how much is distributed.Īside from the more than $42.2 million in disbursements to municipalities and counties, $49.3 million was sent to the School Aid Fund for K-12 education and another $49.3 million to the Michigan Transportation Fund. ![]() In total, there was $172 million available for distribution from the fund. Some of these municipalities host more than one licensed retail store and microbusiness.įor the 2021 fiscal year, more than $111 million was collected from the 10% adult-use marijuana excise tax. Revenue was collected from 374 licensees among the state’s cities, villages and townships during the 2021 fiscal year. “The doubling of this year’s payment amounts will have a larger impact on local government budgets.” “The Michigan Department of Treasury will distribute these dollars as soon as practical to eligible local units of government,” State Treasurer Rachael Eubanks said. Municipalities in the county getting payments are the city of Crystal Falls, receiving $112,907, and Mastodon Township, $56,453. ![]() Marie.Īlger County and the city of Munising will each receive $56,453. ![]() Houghton County and the city of Houghton will each receive $169,360, as will Chippewa County and the city of Sault Ste.
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