Michigan Cannabis Operators Unite Against "Devastating" New Tax Hike

Michigan Cannabis Operators Protest Steep New Tax On Weed LANSING, Mich. - A proposed tax on regulated marijuana products has sparked outrage among Michigan cannabis operators, who gathered at the state Capitol to protest legislation that could harm their industry. The protesters, joined by lawmakers, expressed concerns that House Bill 4951 would impose a 24 tax on wholesale cannabis transactions, with proceeds used to fund road repairs. The bill was approved by the Michigan House of Representatives last week, prompting the demonstration. "We're not just talking about taxes; we're talking about jobs," said Mike DiLaura, chief of corporate operations and general counsel for Michigan licensed cannabis operator, Green Peak Innovations. "Our industry is not their piggy bank. Our wallets are not their budget overruns." The proposed tax has sparked debate among lawmakers and industry advocates, with some arguing that it would help fund essential infrastructure projects while others claim it would stifle the growth of a burgeoning industry. Michigan's cannabis industry has created thousands of jobs and generated millions in revenue since its legalization in 2018. However, operators worry that the new tax could lead to increased costs, reduced profits, and ultimately, job losses. "This is not just about taxes; it's about the future of our industry," said DiLaura. "We're concerned that this tax would make us less competitive with neighboring states and potentially drive businesses out of Michigan." Industry advocates argue that the tax would disproportionately affect small businesses and entrepreneurs who are already struggling to stay afloat in a highly regulated market. "This tax is a slap in the face to the very people who have invested their lives and livelihoods into this industry," said Karen O'Keefe, director of state policies for the Marijuana Policy Project. "We urge lawmakers to reconsider this proposal and find alternative solutions that don't harm the very people they're trying to help." The bill now moves to the Michigan Senate for consideration. If passed, it would take effect in January 2026. As the debate continues, industry operators remain vigilant, determined to protect their businesses and the jobs they create. "We will continue to fight for our industry and the people who depend on it," said DiLaura. "We will not be silenced or ignored." *Reporting by Forbes.*