Anchorage Assembly members are proposing an April ballot measure to create a 5 percent tax on future retail marijuana sales.
Ernie Hall, chair of the Assembly’s committee on marijuana regulation and taxation, said Friday the marijuana sales tax should cover the costs of enforcement and oversight when the state starts licensing marijuana businesses in May.
“We’ve got new expenses the city’s got to cover,” Hall said. “We’ve got to generate the revenue to be able to do it.”
Hall added there will be a “learning curve” in taxing a fledgling industry. The proposal allows the city to increase taxes without going back to voters, but only once every two years and by a maximum of 2 percent, he said.
The tax would apply to all retail sales of marijuana and marijuana products, according to the proposal, but the Assembly could also adopt ordinances to create exemptions.
Other Alaska cities have already adopted marijuana sales taxes. Fairbanks voters supported a 5 percent tax in October; in Bethel, a 15 percent tax passed overwhelmingly. [Read more at the Alaska Dispatch News]
Your email address will not be published. Required fields are marked *
Save my name, email, and website in this browser for the next time I comment.
Notify me of follow-up comments by email.
Notify me of new posts by email.
A new study finds a link between the legalization of medical marijuana and a reduction in the rate of opioid dispensing and pain-related hospital events in some cancer patients. In…
Starting Thursday, Rhode Island medical marijuana patients will no longer have to pay $50 to obtain a medical card, a change that coincides with the start of recreational marijuana sales.…
The first day of legal weed sales in Rhode Island Thursday was, well, mellow – punctuated by a 96-year-old war veteran buying a pot cookie to have with his coffee…
Curaleaf, one of the largest cannabis companies in the world, has laid off hundreds of its staff, Insider has learned. The company laid off around 220 employees ahead of the…