Alaska saw another month of climbing cannabis tax revenue in August, and another month with the highest tax revenue to date.
In August, the state collected $1.54 million in marijuana taxes from 111 growers, according to data from Kelly Mazzei, excise group supervisor with the Alaska Department of Revenue’s Tax Division.
The tax revenue was collected on 1,613 pounds of marijuana bud, taxed at $50 an ounce, and 1,041 pounds of trim, taxed at $15 an ounce, Mazzei said.
August continues a steady climb in revenue that began in April. In July, the state collected $1.37 million in marijuana taxes.
The state has collected $15.8 million in cannabis tax revenue since stores opened in October 2016, Mazzei said. Growers in the Fairbanks area – a city that early on emerged as a forerunner in the industry — have paid out the most in taxes at $5.1 million, followed by Anchorage at $4.9 million.
More recent marijuana news
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Meanwhile, California reported that marijuana products were failing safety tests at a high rate, and Canada's newly legal weed is causing headaches for marijuana customers and investors at the U.S. border.