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Alaska Cannabis Tax Revenue from Growers is Growing Again

Commercial cannabis growers in Alaska paid more than $1 million in taxes to the state in January, the highest since collection began in 2016.

LedeTree

Citing officials at the Alaska Department of Revenue, the Anchorage Daily News reported this weekend that the state’s 81 commercial marijuana growers paid $1,040,512 in state taxes in January, the first time collections have topped a million since growers began paying the tax in October of 2016.

Collections had dropped for the first time in the fall of 2017 after months of consecutive growth, but rebounded and surged past the previous high month, October 2017, the paper reported.

Cannabis growers pay Alaska’s state tax of $50 per ounce of cannabis bud, and $15 an ounce for other parts of the plant. Most of the state’s growers are in Fairbanks and Anchorage.

 

 

About David Royse

David Royse
David Royse is the Editor-in-Chief of Ledetree.com. He has been a professional journalist for more than 20 years, including stints with The Associated Press and The News Service of Florida. He enjoys writing about health and medical science, and hopeful stories about scientific breakthroughs and new technology.

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