Alaska Reports Record Marijuana Tax Revenue for August

Based on the sale of 734 pounds of flower, the Alaska Department of Revenue is reporting the state collected $694,364 for the month of August.

On Tuesday, as Alaska’s voters in Fairbanks and Kenai were busy rejecting a proposed ban on their local growers and dispensaries, the state’s dept. of revenue disclosed that Alaska has raked in more than $3 million – from cultivators alone.

Alaska’s Cultivators Grow Tax Base

Marijuana sales for the month of August in Alaska

Alaska marijuana sales for the month of August

Collected from 56 wholesale marijuana producers at the time of transfer, the state received an average tax payment of $10,849 from each of Alaska’s cultivators.

Mandated by the voter-passed initiative, Measure 2, Alaska’s growers pay the state’s marijuana tax. Per the dept. of revenue, wholesale marijuana flower is taxed at $50 per ounce – while stems and leaves are taxed at $15 per ounce.

Alaska sells more than 734 pounds marijuana

Alaska collects over $690,000 in tax revenue on 734 pounds of weed

Industry Receives Green Light from Voters

In support of their local marijuana industry, on Oct. 3, voters of the Kenai Peninsula Borough rejected efforts to ban legal marijuana dispensaries and commercial cultivation.

cannabis-cultivation-alaska

“The votes this week came during local elections in the state’s major marijuana growing areas.” And according to SF Gate, “All lost by wide margins.”

Shocking few and pleasing many – the proposed ban was rejected by nearly 70 percent of the voters.



 

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