Alaska Marijuana Tax Revenue Hits $1.5M in August

October 8, 2018

Monthly marijuana tax revenue in Alaska hit $1.5 million in August, another new high.

The state says the only time this year that tax revenue was below $1 million was in February.

Cultivators pay the tax, imposed when marijuana is sold or transferred from a licensed grow facility to a retail marijuana shop or product manufacturing facility.

Alaska’s Department of Revenue says about $15.8 million has been collected since October 2016, when the first legal sales began. Alaskans in 2014 voted to legalize the so-called recreational use of marijuana.

State law calls for half of the tax revenue to go toward programs aimed at reducing repeat criminal offenders. Legislation passed earlier this year calls for an additional 25 percent to go toward a marijuana education and treatment program.

Topics Cannabis

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Latest Comments

  • October 12, 2018 at 12:05 am
    Captain Planet says:
    Nah, large numbers of votes only come from BOTS, right Yogi?
  • October 11, 2018 at 10:31 am
    Fair Playing Field says:
    Whoops. I meant to write, "These votes are coming from conservatives and liberals alike, believe me".
  • October 11, 2018 at 10:29 am
    Fair Playing Field says:
    The thumbs-up votes are decidedly in favor of posts advocating choice, with the thumbs-down votes overwhelmingly directed at posts from the nanny-state contingent. These vote... read more

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