Alaska marijuana taxes top $1 million
Last Wednesday, Ben Wilcox ended his workday late: He had to. With the rain having let up in Juneau for one brief day, he took the opportunity to repaint the Franklin Street facade of what will be Juneau’s fourth marijuana shop.
That shop, which has yet to be named and is scheduled to open this fall, is a sign of the marijuana industry’s continued growth in Alaska. On Friday, the Alaska Department of Revenue offered some other signs.
The state of Alaska has now collected more than $1 million in marijuana tax revenue, and the pace of sales appears to be picking up.
June 30 was the due date for cannabis growers to remit income taxes collected in May. The state’s haul: $272,600. That’s the most tax revenue in a month since commercial sales began in October. Since that month, Alaska has collected $1.2 million in marijuana tax revenue.
The...
