 Michigan Treasury Releases Q1 2026 Average Wholesale Marihuana Prices
The Michigan Department of Treasury has published the average wholesale price list for marihuana products for the period January 1, 2026, through March 31, 2026. These prices are critical for calculating the wholesale marihuana tax on transfers between affiliated entities, such as vertically integrated operations, microbusinesses and transfers from medical provisioning centers to adult-use retailers.
For these types of transfers, the wholesale tax is based on the average wholesale price, which Treasury determines by using the best available market data. This list is updated quarterly to reflect current conditions.
Average wholesale prices for the first quarter of 2026 can be found on Treasury’s website.
Treasury aggregates total monthly spending and sales volumes for each product category over the three-month period. The weighted average retail price is then divided by a markup assumption to determine the wholesale price. This markup will align with wholesale market reports and fiscal estimates under the Comprehensive Road Funding Tax Act (CRFTA).
Important notes:
- Trade samples, though not sold at retail, are included in the price list and subject to wholesale tax.
- Transactions must be prorated based on the measurement.
- Wholesalers are responsible for maintaining accurate records for all transactions.
The latest developments about the wholesale marihuana tax can be found on Treasury’s website.
Did you know?
The spelling of marijuana has a long history. The "j" and "h" spellings are used in different contexts and are both acceptable. Treasury often uses the "h" instead of "j" spelling to match the legal reference to cannabis in both the Michigan Regulation and Taxation of Marihuana Act (MRTMA) and the Comprehensive Road Funding Tax Act (CRFTA) statutes.
The Fostering Futures Scholarship Trust Fund proudly honored Dr. Albert and Mitsie Scaglione with the 2025 Making a Difference Award during a heartfelt luncheon hosted by the Fostering Futures Scholarship Trust Fund and held at Park West Foundation in Southfield on December 2.
The award recognizes individuals who have made a lasting impact on the lives of Michigan youth who have experienced foster care. The Scagliones, founders of the Park West Foundation, were celebrated for their unwavering commitment to empowering foster youth through education, advocacy and community support.
“Albert and Mitsie Scaglione have created a movement of hope and opportunity for young people aging out of foster care,” said Robin Lott, director of Treasury’s Saving, Access and Financial Empowerment Bureau. “Their leadership and compassion are truly making a difference. It has been wonderful to see the Fostering Futures Scholarship grow every year. Not only in support, but in the number of youth we’ve been able to positively impact.”
The event was attended by Michigan Education Trust Board members Dr. Calvin Cupidore and Andy Meisner, State Treasurer Rachael Eubanks, former Fostering Futures Scholarship recipients, Treasury staff and members of the Park West Foundation team.
Expanded Support for Foster Youth: Foster Futures Scholarship Program Updates
During the luncheon, Treasury also announced enhancements to the Fostering Futures Scholarship program:
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Increased Award Amount: Students will now receive up to $5,000 per academic year (up from $3,000), including: $2,000 for tuition and $3,000 toward other Cost of Attendance (COA) expenses.
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One-Time Application Valid for Six Years: Starting in the 2026–27 academic year, students will only need to apply once, with eligibility lasting six years before reapplication is required.
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Summer Semester Eligibility: Beginning in 2026–27, students may use their award during the summer semester, with the total annual award remaining capped at $5,000.
“These changes reflect our commitment to reducing barriers and expanding access to higher education for Michigan’s foster youth,” Lott said.
Year-End Giving: Make a Difference Today
As 2025 draws to a close, the Fostering Futures Scholarship Trust Fund encourages Michiganders to consider making a tax-deductible donation to support foster youth in achieving their college dreams.
Donations can be made:
Contributions made by December 31 are eligible for 2025 state and federal tax deductions and will directly support students in the upcoming academic year.
For more information or to donate, visit Fostering Futures Scholarship or call (800) 638-4543.
About the Fostering Futures Scholarship Trust Fund
The Fostering Futures Scholarship Trust Fund is a charitable program—administered by the Michigan Department of Treasury—that provides college scholarships to youth who have experienced foster care in Michigan.
Since its inception in 2012, the Fostering Futures Scholarship has awarded more than $1.4 million in scholarships. The scholarships—which are funded through community donations, sponsorships and events—help cover tuition, housing, books, and other college-related expenses at Michigan degree-granting institutions.
 Angela Matelski Appointed State Assistant Administrator in Executive Office
Deputy State Treasurer Amanda West on December 29 announced that Angela Matelski will assume the role of State Assistant Administrator in the Executive Office, effective January 5, 2026.
In her new role, Angela will report directly to Legislative Director Peter Morman and serve as a member of the legislative team. As a legislative liaison, she will conduct legislative research and analysis, coordinate strategy across Treasury bureaus and serve as a key liaison with the Governor’s Office, legislators and external stakeholders.
Additionally, Angela will advise the Deputy State Treasurer for Advocacy, Policy and Analysis, supporting Treasury’s legislative priorities and strategic initiatives, including implementation of new legislation.
“Angela’s expertise in tax policy and her collaborative approach have made her an invaluable asset to Treasury,” Amanda said. “She has been an integral part of our team for years, and her ability to tackle complex legislative issues while building strong relationships will continue to benefit Treasury and the people of Michigan.”
Angela has more than 15 years of experience with the Michigan Department of Treasury, where she has served in progressively responsible roles in auditing, Technical Services and Tax Policy.
Most recently, Angela worked as a Departmental Specialist 14 in the Direct Taxes Division, where she provided interpretive analysis of tax statutes, reviewed legislation and developed policy recommendations. She collaborated closely with legislators, the Legislative Services Bureau and stakeholder associations to shape tax policy and ensure compliance with Michigan law.
Her career highlights include:
- Serving as Treasury’s subject matter expert on tax policy issues and representing the department at Multistate Tax Commission meetings and industry conferences.
- Drafting guidance such as Revenue Administrative Bulletins, Taxpayer Notices and educational materials for Treasury staff and taxpayers.
- Acting as one of Treasury’s liaisons with external organizations such as the Michigan Association of Certified Public Accountants.
- Leading legislative implementation efforts and providing recommendations on bills impacting Michigan taxpayers.
Angela is a Certified Public Accountant and holds a bachelor’s degree in business administration from the University of Michigan–Flint.
“Over the years, Angela has been instrumental in helping Treasury and my team navigate complex policy challenges,” Morman said. “Her guidance and expertise are highly valued. I look forward to the solutions she will help deliver in her new role as we work with the Michigan Legislature on bills and proposals in 2026.”
Please join us in congratulating Angela on this well-deserved appointment. We look forward to her leadership and contributions in this critical role.
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