Alaska’s Marijuana Tax Revenue Dipped in January

Alaska's Marijuana Tax Revenue Dipped in January

Pixabay / stephenbayer / CC0 Public Domain

Tax revenue for Alaska’s legal marijuana industry dipped in the month of January. With retailers selling approximately 111 pounds of marijuana flower and another 77 pounds of marijuana plant material during the first month of 2017, the state took in $107,500 in marijuana taxes for January, which is $38,300 less than December’s high of $145,800, as reported by Alaska Dispatch News.

The dip in tax revenue has been attributed to an unexpected shortage in the supply of marijuana, forcing many dispensary owners to choose between limiting hours of operation or temporarily shutting down until supply increases.

Speaking with Alaska Dispatch News, Tanana Herb Co. owner Leaslea Nunley attributed the shortage to the fact that most of the growers started their crops around the same time. Nunley went on to say that she expects the supply issue to fix itself once more growers enter the market.

“Harvests are like six to eight weeks apart … so you’re going to have that lag between one harvest and another until everybody gets rolling,” Nunley said.

William Sumner, a freelance writer and marijuana journalist, was a staff writer for MJINews from May 2014 through February 2018. You can follow him on Twitter @W_Sumner.

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