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The Michigan Senate has approved a bill to levy a 24% tax on wholesale cannabis transactions despite pushback from weed advocates and some lawmakers.
getty
The Michigan Senate last week approved a new 24% tax on wholesale cannabis transactions, with the $420 million in anticipated revenue from the levy earmarked for the state’s roadways. Senators approved a measure (House Bill 4951) to enact the tax on Friday, after the state House of Representatives approved the legislation on September 25….
