Michigan rolling in medical marijuana revenue
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So how's medical marijuana working out for the states that have approved it, you ask? (C'mon, I know you were wondering.) Let's study the example of Michigan's program, which costs $1.8 million to operate annually:
Michigan voters approved medical marijuana legislation in 2008, with the program coming online in 2009. In it's first year the program generated $308,400 in revenue. That number jumped considerably in 2010 to more than $3.6 million. This past year, with some 115,775 patient and caregiver registries and renewals, that number jumped to $10,425,600, according to an annual report from the state's MMJ program to the Michigan legislature.
Not exactly zillions and trillions of dollars, but nothing to sneeze at either. What are they spending it on?
Officials with the state say the money is going to "a new database, enhancing the telephone system and addition staff to process all of the cards."
Uh huh... sounds like one hell of a database. More importantly, sounds like job creation, which is definitely nothing to sneeze at.
[Via Toke Of The Town
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