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Alaska Reports Record Marijuana Tax Revenue for August

October 5, 2017

(Photo Credit - 401kcalculator.org)

 

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

 

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.

 

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.

 

“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.

This article was originally published on Marijuana.com

 

About Monterey Bud: Born in Long Beach, raised on the central coast: I surf, dab, burn, and blog – though not necessarily in that order. I'm a husband, a father and a lifelong consumer of connoisseur grade weed. I don't drink alcohol or consume any other "drugs." I consider myself to be living proof that weed is not a gateway drug. If it were, I'd be in some serious trouble. Instead, as a 50-year-old ex-realtor that has been smoking weed for nearly 80% of my life (just did the math) ... I can only say, marijuana is safer than prescription pills or alcohol could ever hope to be for calming what stirs the savage beast.

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