LAWTON, Mich. (WOOD) — Part of the new state budget comes with a 24% excise tax wholesale price on marijuana.

The revenue collected would go to new road fund. But cannabis industry members say it will do more harm than good.

"I just don't understand. They can't comprehend the amount of taxes that will be lost if it truly affects the industry in the way we think it will," said Thomas Docekal, founder of Green Hippo Provisioning outside of Lawton.

Part of the new state budget, House Bill 4951, levees a 24% excise tax on the wholesale price of marijuana.

Beginning next year, the tax would come into play when a grower or processor first sells their marijuana to a retail store or center.

$3 million collected this fiscal year will go to the Comprehensive Road Funding Fund and the rest will

See Full Page