Alaska Sees Slight Increase in Marijuana Tax Revenue for February

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Alaska Sees Slight Increase in Marijuana Tax Revenue for February

Flickr / 401(K) 2012 / CC BY-SA 2.0

According to a recently released report from the Alaska Department of Revenue, the state banked $128,000 in marijuana tax revenue for the month of February, marking a slight increase from the $107,500 collected in January.

February’s tax revenue is the result of tax payments from 19 state-licensed growers, with an average tax payment of $6,400. The growers collectively sold or transferred 135 pounds of flower, which is taxed at $50 per ounce. The growers also collectively sold or transferred 85 pounds of trim or other plant parts, such as stems and leaves, which are taxed at $15 per ounce.

Struggling with the issue of demand outpacing supply this past January, the state has yet to top December’s high of $145,800 in marijuana tax revenue.

The staff byline designates content that has been written by a staff writer of MJINews.

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