Alaska Lawmakers Considering Changes to State’s Cannabis Tax System

September 19, 2023 · Ganjapreneur

Alaska lawmakers are considering a proposal to lower the state tax on cannabis from a per-ounce tax to a sales tax, the Anchorage Daily News reports. Under the state law, enacted in 2014, cannabis is taxed at $50 an ounce. 

In fiscal year 2021, the state collected more than $30 million from cannabis taxes, the report says. However, according to a 2022 report from the Tax Policy Center of the Brookings Institution, when local taxes are included, Alaska taxes cannabis more than other states. In fiscal year 2022, cannabis tax revenues in Alaska fell to less than $29 million – the first time cannabis tax revenues dropped year-over-year.   

Last year, Gov. Mike Dunleavy (R) convened a task force to analyze the adult-use cannabis industry’s progress, and one of the recommendations in the report by the group was a new tax system

As originally drafted, the measure would have moved from the $50 tax, which is collected by cultivators, to a 3% tax collected by retailers. The bill was amended to a 10% sales tax.  

Labor and Commerce Committee Chair Rep. Jesse Sumner (R) told the Daily News that the committee, which has so far not taken action on the proposal, may consider additional amendments at a meeting in October or November.  (Full Story)

In category:State Bills
Tags:
Next Post

California marijuana businesses beg gov to veto product label legislation

California marijuana companies are asking Gov. Gavin Newsom to veto a recently passed bill that’s meant to deter children from using cannabis products, claiming the legislation would instead ban many existing brands’ current logos while doing nothing to curb the illicit market.…
Read
Previous Post

California Employers Could Not Ask About Past Marijuana Use Under Bill Sent To Governor’s Desk

California lawmakers have sent the governor a bill that would prohibit employers from asking job applicants about prior marijuana use. One day after the Assembly passed an amended version of the Senate bill, the originating chamber on Thursday signed off on…
Read
Random Post

New year brings new laws, rules for cannabis businesses nationwide

With the start of a new year, cannabis companies across the country are tweaking their business models to meet changing laws and regulations that could affect sales and how they run their operations. Expanded delivery, new packaging and labeling restrictions…
Read
Random Post

Amazon Delivering Weed in Oklahoma as a Pilot Program? - Not Quite, Man Uses Fake Amazon Van to Shuttle Illegally Grown Cannabis

After several years of an extensive federal investigation, a massive illegal marijuana operation was uncovered in Oklahoma City. The accused allegedly used a counterfeit Amazon delivery vehicle to transport large quantities of marijuana throughout the city. According to federal court…
Read
Random Post

Cannabis Companies Weigh Pros and Cons in Southern Medical Markets

Over the past decade, cannabis companies have been eager to jump into the mix as new states open licensing programs and new consumers have their first opportunity to buy legal products. But over the past few years, the industry has…
Read
Random Post

Las Vegas marijuana consumption lounges prepare for new era

Exhale. The long-awaited arrival of marijuana consumption lounges in Las Vegas is finally here. Thrive Cannabis Marketplace recently opened the first state-licensed lounge adjacent to its store just off the Las Vegas Strip, and nearly 20 other consumption businesses are…
Read