Recreational marijuana sales in Michigan will rake in $89 million in tax revenue for the fiscal year beginning Oct. 1, 2019, according to estimates by the state's Senate Fiscal Agency.
After funding implementation and enforcement, 70 percent of the remaining tax revenue from marijuana sales will go to schools and infrastructure repair and 30 percent will go to counties and municipalities with marijuana businesses.
The New Jersey government estimated that recreational marijuana would bring in $60 million in tax revenue before June 30 of next year alone.