Section 333.27602 – Medical Marihuana Excise Fund.
333.27602 Medical marihuana excise fund. Sec. 602. (1) The medical marihuana excise fund is created in the state treasury. (2) Except for the application fee under section 401, the regulatory assessment under section 603, and any local fees, all money collected under section 601 and all other fees, fines, and charges, imposed under this act […]
Section 333.27603 – Regulatory Assessment.
333.27603 Regulatory assessment. Sec. 603. (1) A regulatory assessment is imposed on certain licensees as provided in this section. All of the following shall be included in establishing the total amount of the regulatory assessment established under this section: (a) The department’s costs to implement, administer, and enforce this act, except for the costs to […]
Section 333.27604 – Marihuana Regulatory Fund.
333.27604 Marihuana regulatory fund. Sec. 604. (1) The marihuana regulatory fund is created within the state treasury. (2) The application fee collected under section 401 and the regulatory assessment collected under section 603 must be deposited into the marihuana regulatory fund. The state treasurer shall direct the investment of the fund. The state treasurer shall […]
Section 333.27605 – Use of Money From Michigan Marihuana Registry Fund.
333.27605 Use of money from Michigan marihuana registry fund. Sec. 605. The department may use any money appropriated to it from the marihuana registry fund created in section 6 of the Michigan medical marihuana act, 2008 IL 1, MCL 333.26426, for the purpose of funding the operations of the department and the board in the […]
Section 333.27601 – Provisioning Center; Imposition of Tax; Rate; Administration.
333.27601 Provisioning center; imposition of tax; rate; administration. Sec. 601. (1) A tax is imposed on each provisioning center at the rate of 3% of the provisioning center’s gross retail receipts. By 30 days after the end of the calendar quarter, a provisioning center shall remit the tax for the preceding calendar quarter to the […]