MIchigan Could See Up to $63 Million Annually From Medical Marijuana

March 1, 2016
AggregatedNews
Michigan, Policy & Legal
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LANSING, Mich. — Sales from medical marijuana could generate up to $63 million a year in new revenue for the state under proposed regulatory reforms, according to an economist’s findings published Monday.

The economic impact analysis by Hillsdale College economist Dr. Gary Wolfram, commissioned by the Michigan Cannabis Development Association, estimates Michigan could rake in between $44.3 million and $63.5 million annually in new revenue from medical marijuana sales and regulation.

“It will create a robust economy in the sense that it will make a safe place for people who currently have registration,” Wolfram told FOX 17, calling his predictions conservative. [Read more at Fox17online]