Mich. biz plans lawsuit as tax cut looms
Liberty Street with the landmark Michigan Theater in downtown Ann Arbor, Michigan, USA in the evening.
Hi all,
With a big tax hike likely in Michigan, here’s a dispatch from Chris Silva in Lansing.
Hope you find it valuable,
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Alex
Michigan biz plans lawsuit as tax hike looms
LANSING, Mich. — Prominent figures in Michigan cannabis say to expect a lawsuit if the state imposes a tax hike the struggling industry characterizes as an existential threat. The state senate is expected to vote this week on House Bill 4951, which would impose a 24% wholesale excise tax on REC. It’s the final legislative hurdle to vault the state’s effective pot tax to one of the highest in the nation.
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