Marijuana Law, Policy & Reform

Editor: Douglas A. Berman
Moritz College of Law

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Sunday, June 1, 2014

The economics of medical marijuana in Michigan

The local article, headlined "State profits $6.8 million from medical marijuana," highlights some of the economic realities surrounding medical marijuana in Michigan. Here are the basics:

The state of Michigan raked in $10.8 million during 2013 through the state medical marijuana program.  With $4 million in expenses, medical marijuana provided a $6.8 million boost to the state finances, according to a Jan. 1, 2014 report on medical marijuana in Michigan filed to the state Licensing and Regulatory Affairs (LARA) department.

 Last year’s profits are slightly higher than 2012, when the state generated $6.2 million in revenue from medical marijuana.  As part of the 2008 Michigan Medical Marihuana Act (MMA), a statistical report must be submitted to the state at the beginning of each year. The revenue is generated through licensing fees.  

Between Oct. 1, 2012 through Sept. 30, 2013, 82,193 applications for a medical marijuana card were approved while 11,612 applications were denied. The state approved 36,175 applications for a renewed license and denied 8,672 patients with existing licenses....

 Patients seeking a medical marijuana card must have a health condition to do so. Severe and chronic pain accounted for nearly 70 percent of claims, followed by severe and persistent muscle spasms, severe nausea and seizures.

http://lawprofessors.typepad.com/marijuana_law/2014/06/the-economics-of-medical-marijuana-in-michigan.html

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