A state vote has passed allowing marijuana sales and cultivation, bringing the status of cannabis in Michigan to a new level. The ballot measure was approved by a margin of 56 percent to 44 percent, and will enable licensed businesses to grow, process and sell the drug. The vote is a big victory for the marijuana industry, which has experienced a boom in recent years. The state’s medical cannabis industry was valued at $9.7 billion in 2017, and that figure is expected to double to $23 billion by 2022.
The medical marijuana initiative will make Michigan the first state in the Midwest to legalize marijuana. The proposal will allow adults 21 and older to use the drug and grow up to 12 plants at home. It will also levy a 10 percent sales tax on marijuana sales. That money will go to medical research, infrastructure and municipalities that have marijuana businesses. The new law will become effective in about a month.
This measure allows for the sale and cultivation of marijuana and will also create a state licensing system. Cities can still limit the type of marijuana businesses they allow, but will be required to give 20 million per year to approved clinical trials and researchers. The additional tax revenue will be used to pay for road repairs, education and local governments. The new laws will also allow adults to grow up to 12 plants for personal use.
Upon certification of the results, the law will become effective in about a month. People over 21 can begin using marijuana and growing it at home. In addition to this, it will allow the establishment of marijuana businesses in the state. The process of establishing regulations for the industry may take up to two years. So, keep your fingers crossed. The new law is just around the corner. But before that, here are some things to consider.
The state must provide $20 million in tax revenue from the sale of marijuana every year for two years. This money will be used for clinical trials and research. The state will also distribute 15 percent of the marijuana tax revenues to the municipalities where the businesses operate. The remaining 35 percent will go toward the school aid fund. The state will also receive the money from the marijuana tax. These funds will help with road repairs, public safety, and local government.
The new law will allow adults to grow up to 12 marijuana plants at home, possess 2.5 ounces of marijuana in public, and store up to 10 ounces in their residence. The law also directs state regulators to issue licenses for cannabis microbusinesses. However, cities will still have the authority to regulate commercial activities related to marijuana. It is unclear whether the new laws will be successful.
Proponents of the law argue that the legalization of marijuana will increase crime and increase addiction. The government is concerned that recreational use will lead to increased drug use, and children will become addicted to the drug. Meanwhile, autoflowering high cbd cannabis seeds opponents of the measure say that the Michigan law is too permissive. The proposed law will only allow people to have 2.5 ounces of marijuana on their person. The state will also implement a six percent sales tax on marijuana.
The legalization of marijuana will be followed by the introduction of new regulations. Retail sales of marijuana will be subject to a six percent sales tax and a 10 percent excise tax. The state’s taxing authorities will have to ensure that the law is fair and that it will not result in any misunderstandings or confusion. This law will allow for legal marijuana to be sold to anyone over the age of 18.
Supporters of legalizing marijuana say that the measure will make Michigan a more attractive place for marijuana businesses. The new laws will have a large impact on the state’s economy. While marijuana is illegal in Michigan, it is illegal in other states. As a result, the state’s criminal justice system has been disproportionately bad for blacks. Its laws also prevent minorities from owning it.