This useful resource, particular to the state, is a compendium detailing the accepted prices for alcoholic drinks obtainable on the market inside Michigan. It gives licensed retailers with a complete record of merchandise, alongside their corresponding mandated costs as regulated by the Michigan Liquor Management Fee. The doc ensures uniformity and compliance inside the alcoholic beverage distribution system. For instance, a retailer in search of to buy a selected model of vodka will seek the advice of this doc to determine the wholesale value they’re required to pay.
Its significance stems from its position in sustaining a good and controlled market for alcoholic drinks. The doc promotes value stability, reduces the potential for predatory pricing practices, and helps to make sure constant tax income assortment. Traditionally, such management mechanisms had been carried out to deal with issues associated to the social and financial impression of alcohol gross sales, significantly within the aftermath of Prohibition, providing construction and transparency to the distribution community.