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Marijuana Tax
2017 Annual Report


Marijuana Tax Reports





AS 43.61

Description

Alaska levies a tax on the marijuana sold in Alaska. Ballot Measure 2, the act to tax and regulate the production, sale, and use of marijuana, was passed Nov. 4, 2014. The Alaska Department of Revenue’s Tax Division collects the marijuana tax from licensed marijuana cultivation facilities.

The Marijuana Tax is imposed when marijuana is sold or transferred from a marijuana cultivation facility to a retail marijuana store or marijuana product manufacturing facility.

Rates

The tax is $50 an ounce of marijuana bud and flower. The remainder of the plant is taxed at $15 an ounce.

Returns

Taxpayers are required to both file electronic returns through Revenue Online, and pay the marijuana tax monthly. Returns and payments are due on or before the last day of the calendar month following the month when the marijuana sales or transfers took place.

Disposition of Revenue

The Department of Revenue deposits all revenue from the marijuana tax into the General Fund. Within the General Fund, a Recidivism Reduction Fund was established and the Department of Administration separately accounts for 50% of the tax collected and deposits it into the Recidivism Reduction Fund.

History

2014 – Ballot Measure 2, the act to tax and regulate the production, sale, and use of marijuana, was passed on Nov. 4, 2014. Pursuant to the ballot measure, Alaska will levy a tax on the marijuana sold in Alaska.

2016 – The Legislature passed Senate Bill 91, a comprehensive criminal reform bill, which included a provision that diverted half of the state's marijuana excise taxes to programs aimed at reducing repeat criminal offenders, under a newly created Recidivism Reduction Fund.




Data with additional years.

  Collections Summary

Fiscal Year

2017 2016

   Recidivism Fund

$869,683

   Total Tax

$1,749,497

$0

   General Fund

879,814


  Pounds

Fiscal Year

2017

   Bud or flower sold or transferred

1,857

   Trim or other parts of plant sold or transferred

1,099

  Filing Information

Fiscal Year

2017

   Number of Returns

218

   Number of Taxpayers

40




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