skip to Main Content
Anchorage Are Looking at 5% Marijuana Sales Tax

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]

This Post Has 0 Comments

Leave a Reply

Your email address will not be published.

Recent Stories

Medical marijuana associated with reduced pain and opioid related outcomes in cancer patients

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…

Medical marijuana cards are now free in Rhode Island

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.…

How did Rhode Island’s first day of retail marijuana sales go? Pretty mellow.

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…

Cannabis giant Curaleaf just laid off over 200 employees as the industry’s downturn deepens

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…

More Categories

Back To Top
×Close search
Search