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Alaska monthly marijuana tax tops $1M for sixth time in 2018

JUNEAU, Alaska (AP) – Monthly marijuana tax revenues have topped $1 million for the fifth straight month and for the sixth time this year.

The state said Wednesday that it had collected nearly $1.4 million in marijuana taxes in July, a new monthly record. That compares to about $1.3 million in June, the previous high.

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

The Department of Revenue reported that 107 cultivators paid the tax in July.

The post Alaska monthly marijuana tax tops $1M for sixth time in 2018 appeared first on Newstalk 750 – 103.7 KFQD.


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