Alaska Made Over $2.2 Million in Marijuana Taxes in June

According to data released by the Alaska Department of Revenue, the state made over $2.2 million in taxes from the legal distribution of marijuana in June.

In total the state with a population of less than 750,000 people made $2,282,147 in marijuana tax revenue in June, a slight decrease from the $2,398,053 made in May. The high point for the year was in March, with $2.5 million in taxes made from legal marijuana. The low point was in February, with $2.1 million in marijuana taxes.

The year-to-date marijuana tax total for Alaska is now $28,154,513.

Of the $2.2 million in marijuana tax revenue made in June, $976,335 of this was from the purchase of marijuana bud and flower. $674,606 came from immature plants and seeds, and $630,888 came from trim.

In total there was 88,570 ounces of marijuana sold in June. As with the overall tax revenue, this is a slight decrease from the 90,131 ounces sold in May.

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.

Thank you for reading The Marijuana Herald! You can sign up for our newsletter at the form below, and you can find more news stories by clicking here.