Alaska, with a population of less than 750,000, continues to bring in millions each month in marijuana tax revenue.
According to data released by the Tax Division of the Alaska Department of Revenue, the state made a total of $2,398,053 in tax revenue from the legal distribution of marijuana in April alone.
$1,129,976 of this revenue came from the sale of 22,600 ounces worth of marijuana flower. $663,695 of the revenue came from the sale of immature marijuana plants and seedlings, and $604,381 came from the purchase of marijuana trimmings.
In the fiscal year to date (starting July), Alaska has garnered $23,506,717 in tax revenue from the distribution of 229,039 ounces of marijuana flower, 239,921 ounces of immature plants and 403,788 ounces of trimmings.
The roughly $2.4 million in taxes made in April is a slight decrease from the $2,514,279 made in March, but an increase over the $2.17 million made in February and the $2.36 million made in January. $2,549,603 in tax revenue was made in April, 2022.
Under Alaska’s marijuana law those 21 and older are allowed to purchase up to an ounce of marijuana from a licensed marijuana retail outlets. Alaskan residence are allowed to possess up to four ounces, but can only purchase one ounce at a time. Although the law was passed by voters in 2014, the first marijuana store didn’t open until the second half of 2016.
