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Current as of January 01, 2025 | Updated by Findlaw Staff
Sec. 602. (1) The medical marihuana excise fund is created in the state treasury.
(2) Except for the application fee under section 401, 1 the regulatory assessment under section 603, 2 and any local fees, all money collected under section 601 3 and all other fees, fines, and charges, imposed under this act must be deposited in the medical marihuana excise fund. The state treasurer shall direct the investment of the fund. The state treasurer shall credit to the fund interest and earnings from fund investments.
(3) Money in the medical marihuana excise fund at the close of the fiscal year remains in the fund and does not lapse to the general fund.
(4) The state treasurer is the administrator of the medical marihuana excise fund for auditing purposes.
(5) The money in the medical marihuana excise fund must be allocated, upon appropriation, as follows:
(a) 25% to municipalities in which a marihuana facility is located, allocated in proportion to the number of marihuana facilities within the municipality.
(b) 30% to counties in which a marihuana facility is located, allocated in proportion to the number of marihuana facilities within the county.
(c) 5% to counties in which a marihuana facility is located, allocated in proportion to the number of marihuana facilities within the county. Money allocated under this subdivision must be used exclusively to support the county sheriffs and must be in addition to and not in replacement of any other funding received by the county sheriffs.
(d) 30% to this state for the following:
(i) Until September 30, 2017, for deposit in the general fund of the state treasury.
(ii) Beginning October 1, 2017, for deposit in the first responder presumed coverage fund created in section 405 of the worker's disability compensation act of 1969, 1969 PA 317, MCL 418.405.
(e) 5% to the Michigan commission on law enforcement standards for training local law enforcement officers.
(f) 5% to the department of state police.
Cite this article: FindLaw.com - Michigan Compiled Laws, Chapter 333. Health § 333.27602 - last updated January 01, 2025 | https://codes.findlaw.com/mi/chapter-333-health/mi-comp-laws-333-27602/
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