Michigan marijuana operators protest, plot lawsuit over massive tax hike
Michigan marijuana operators are up in arms over a massive new tax increase that bipartisan state politicians say will fund road improvements.
Hundreds of cannabis advocates showed up at the state Capitol in Michigan on Tuesday to protest a new, proposed 24% wholesale tax that may also trigger a lawsuit in response, The Detroit News reported.
ADVERTISEMENT
Michigan’s $3.2 billion annual cannabis market is the country’s second-biggest after California.
However, operators say the market is saturated with too many operators and too much supply.
And such a large and sudden tax hike could disrupt the industry further.
New Michigan marijuana wholesale tax could raise $420 million for roads
Since February, Democratic Gov. Gretchen Whitmer and Republicans in the state legislature have been pitching a
The post Michigan marijuana operators protest, plot lawsuit over massive tax hike appeared first on GrowCola.com.