Summer Marijuana Boom Continues With Sales High
Alaska’s sales are exploding beyond all expectations
In just one month, the state of Alaska has collected a third of the marijuana tax revenue it recouped in the entire last fiscal year.
On Thursday, the Alaska Department of Revenue reported collecting $577,901 from marijuana farmers in July. In fiscal year 2017, which ended June 30, the state collected $1.7 million from the marijuana industry.
July’s figures are the highest to date for Alaska’s young marijuana industry, which began selling over the counter in October last year. State taxes are collected from farms at the wholesale level, rather than at the retail level.
Alaska collects $50 per ounce of bud or flower and $15 per ounce for other parts of the cannabis plant, such as the stems or leaves.
In July, the state reported 612 pounds of marijuana bud sold, and 369 pounds of “trim,” or other parts, sold. Trim is typically refined into concentrates used in edible products or smoked outright on its own.
Fairbanks, the Golden Heart City, continues to be Alaska’s green heart as well: 12 farms paid state taxes in July, the most of any place in the state. Anchorage, which has gotten off to a slow start because of difficulties at the municipal level, now reports seven farms, the second-most in the state. Soldotna is third with four farms, and Juneau is tied for fourth with multiple cities having three farms.
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