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href="https://www.cannabisnewswire.com/">Home</a></span> » <span><a href="https://www.cannabisnewswire.com/2022/08/">Archives for August 2022</a></span> » <span class="breadcrumb_last" aria-current="page">Page 7</span></span></div> <header class="page-header"> <h1 class="page-title">Month: <span>August 2022</span></h1> </header> <article id="post-42407" class="post-42407 post type-post status-publish format-standard hentry category-420-with-cnw"> <div class="entry-content"> <div class="newsblock"><div class="timestamp"><span class="weekday">Monday</span><span class="month">Aug</span><span class="day"> 01, </span><span class="year"> 2022</span><span class="time"> 4:20 am</span></div><div class="newsblurb"><h2><a href="https://www.cannabisnewswire.com/420-with-cnw-michigan-disburses-20m-in-grants-for-studies-on-cannabis-for-veterans/">420 with CNW — Michigan Disburses $20m in Grants for Studies on Cannabis for Veterans</a></h2><p>In 2021 alone, states with legal cannabis markets collected more than $3.7 billion in recreational cannabis taxes. Michigan, which legalized adult-use cannabis in 2018, collected almost $175 million from a 10% excise tax on all recreational cannabis sales in the same year. Regulators from the state recently announced that a portion of these funds would be funneled to institutions researching the potential medical benefits of cannabis for veterans. This will be the second round of funding provided by the Michigan Cannabis Regulatory Agency (MRA) as part of the state’s Veteran Marijuana Research (VMR) Grant Program. 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