Business

Michigan’s Medical Marijuana Shows an $8 Million Dollar Profit

1 Mins read

This is not bad for a state that is looking for revenue everywhere they can find it.  The program is exceeding expectations and it takes around 4 months to process applications so maybe this is one department that needs more help or more technology to speed the process?  BD 

Medical marijuana aimed at helping Michiganders with their pain turns out to be a helpful prescription for the state’s challenged budget, as well.

This is not bad for a state that is looking for revenue everywhere they can find it.  The program is exceeding expectations and it takes around 4 months to process applications so maybe this is one department that needs more help or more technology to speed the process?  BD 

Medical marijuana aimed at helping Michiganders with their pain turns out to be a helpful prescription for the state’s challenged budget, as well.

In its first two years of operation, state licensing of marijuana patients and their caregivers has turned more than an $8-million profit — generating nearly $9.7 million in revenue against $1.5 million in expenses, according to a new state report.

Marijuana fees topped $4.8 million between just Oct. 1, 2010, and March 31. And the growth continues at a rapid pace, said program manager Rae Ramsdell.

Michigan’s medical marijuana profit: $8 million | Detroit Free Press | freep.com

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