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Home 🌿 Marijuana Business News 🌿 Alaska collects its first full month of marijuana tax revenue 🌿Alaska collects its first full month of marijuana tax revenue
The state of Alaska has received its batch of cannabis tax revenue from the first full month of retail marijuana sales.
In November, seven marijuana cultivators paid $81,100 to the Alaska Department of Revenue's Tax Division, division director Ken Alper wrote in an email.
About 98 pounds of marijuana bud and 10 pounds of trim — the leaves and stems — were sold wholesale, Alper wrote. Under Alaska law, cultivators pay the state's tax. Bud is taxed at $50 per ounce, and other parts of the plant, like the stems and leaves, are taxed at $15 per ounce.
Most of the taxes were paid in cash, and a few were paid with check, Alper wrote.
The numbers represent the first full month of Alaska's cannabis sales, with five stores operating statewide by the end of November — two in Fairbanks, one in Valdez, one in Juneau, and one on the Kenai Peninsula.
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