6/21/2023 0 Comments My medical cardWith an active medical cannabis card, a person may continue to receive unemployment benefits. This reaffirms the precedence set previously by the Michigan Court of Appeals ruling related to unemployment benefits. Here is a handy chart that shows the potential annual savings for medical vs recreational.Īccording to the website, Labor and Economic Opportunity (LEO) division, which manages the unemployment insurance program providing interim financial assistance to people that lost their jobs beyond their control, noted the decision by the Michigan Supreme Court to not “disqualify a person from receiving unemployment benefits if that person tests positive for marijuana while holding a valid registry identification card issued under the Michigan Medical Marijuana Act. A medical card holder’s annual savings will depend on the amount of cannabis consumed. Lets keep it simple, we’ll cut this price to $200 per ounce. Under Proposal 1, a medical card holder will likely spend at least 10% less at a dispensary than recreational consumers. Let’s Do the Math: According to “ ” the average cost of “High Quality” cannabis in Michigan is $290/oz. So, medical card holders will pay at least 10% less than recreational consumers in taxes plus reduced pricing of medical cannabis products. Although excise taxes are the responsibility of the retailer/dispensary, the cost is passed on to the consumer in retail shop pricing. ![]() Proposal 1 also eliminates the current 3% Excise Tax on medical marijuana sales, but the 6% State Sales Tax remains in effect. ![]() This is in addition to the 6% State Sales Tax. ![]() The new recreational law, Proposal 1, imposes a 10% excise tax on recreational marijuana sales.
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