Michigan could be making $122,065,853 a year in marijuana tax

By Valerie Vande Panne

Sep 23, 2014 at 4:42 pm

Audio By Carbonatix

[
          {
            "name": "GPT - Leaderboard - Inline - Content",
            "component": "35519556",
            "insertPoint": "5th",
            "startingPoint": "3",
            "requiredCountToDisplay": "3",
            "maxInsertions": 100,
            
            "adList": [
              {
                "adPreset": "LeaderboardInline"
              }
            ]
          }
          
        ]

Michigan could be making $122,065,853 a year in marijuana tax, according to a new report by Nerd Wallet. But, as you already know, it's not.

The U.S. stands to gain, according to our calculations, $3,098,866,907 in state and local taxes per year — that’s more than twice the entire budget of the Small Business Administration in 2013.

That's THREE BILLION each year.