Alaska marijuana sales have dropped for the second consecutive month after nearly a year of steady increases.<\/p>\n
According to figures released last week<\/a> by the tax division of the Alaska Department of Revenue, the state collected $784,176 in December from 70 taxpaying farms. Tax reports trail collections by a month to account for late payments.<\/p>\n While tax revenue was below both November and October figures, the number of taxpaying farms continued to increase.<\/p>\n In Alaska, marijuana is taxed at the wholesale level, when marijuana is transferred from farms to retail stores. The tax, prescribed by Alaska state law, is $50 per ounce of marijuana flower and $15 per ounce of other plant parts.<\/p>\n According to the new state figures, 824 pounds of flower and 519 pounds of other plant parts were transferred in December.<\/p>\n In October, the state pocketed more than $950,000<\/a> in tax revenue from the state’s young commercial marijuana industry. That dropped to just over $872,000<\/a> in November.<\/p>\n Alaska’s first commercial marijuana sales took place in the last days of October 2016 in Fairbanks and Valdez, almost two years after Alaska voters approved a 2014 ballot measure that made the state the third (after Washington and Colorado) to legalize a commercial industry.<\/p>\n Since October 2016, the state has collected more than $6.3 million from the industry.<\/p>\n Preliminary indications provided by the tax division indicate January collections will reverse the two-month downward trend and may top the $1 million mark for the month.<\/p>\n","protected":false},"excerpt":{"rendered":" Alaska marijuana sales have dropped for the second consecutive month after nearly a year of steady increases. According to figures released last week by the tax division of the Alaska Department of Revenue, the state collected $784,176 in December from 70 taxpaying farms. Tax reports trail collections by a month to account for late payments. […]<\/p>\n","protected":false},"author":426,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_stopmodifiedupdate":false,"_modified_date":"","wds_primary_category":4,"footnotes":""},"categories":[4],"tags":[249],"yst_prominent_words":[],"class_list":["post-28969","post","type-post","status-publish","format-standard","hentry","category-news","tag-marijuana"],"_links":{"self":[{"href":"https:\/\/www.juneauempire.com\/wp-json\/wp\/v2\/posts\/28969","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.juneauempire.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.juneauempire.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.juneauempire.com\/wp-json\/wp\/v2\/users\/426"}],"replies":[{"embeddable":true,"href":"https:\/\/www.juneauempire.com\/wp-json\/wp\/v2\/comments?post=28969"}],"version-history":[{"count":0,"href":"https:\/\/www.juneauempire.com\/wp-json\/wp\/v2\/posts\/28969\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.juneauempire.com\/wp-json\/wp\/v2\/media?parent=28969"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.juneauempire.com\/wp-json\/wp\/v2\/categories?post=28969"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.juneauempire.com\/wp-json\/wp\/v2\/tags?post=28969"},{"taxonomy":"yst_prominent_words","embeddable":true,"href":"https:\/\/www.juneauempire.com\/wp-json\/wp\/v2\/yst_prominent_words?post=28969"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}