Report: Alaska marijuana revenue declines in February, expected to rebound in March

Alaska’s marijuana tax revenue dipped in February, according to a new report from the Alaska Department of Revenue.

On Tuesday, the department said the state collected $897,082 in marijuana taxes during February, the latest month for which figures are available. That’s down from $1.04 million in January, which was a record-setting month and the first time tax proceeds topped $1 million.

The drop is likely a temporary one, the department indicated. Preliminary figures show March was likely another million-dollar month, though March collections will not be finalized until the first day of May.

Furthermore, the number of taxpayers grew in February, even though tax collections dropped. The number of marijuana taxpayers has grown every month since the state’s first legal retail sales in October 2016.

That may be a sign the industry is still growing and has not yet matched supply with in-state demand.

When Alaskans legalized a recreational marijuana industry with a 2014 ballot measure, they imposed a tax of $50 per ounce on bud or flower and $15 per ounce on other plant parts.

The tax is paid at the wholesale level, when marijuana is transferred from a farm to a retail store or processor.

Since the first retail sales began, the state has collected $8.25 million in excise taxes and more than $1 million in fees.

Eight hundred and eighty pounds of bud/flower were sold in February, and 806 pounds of other plant parts and trim were transferred in the same month.

Anchorage and Fairbanks each have 17 taxpaying marijuana farms; Wasilla has six, North Pole and Soldotna have five; Juneau and Kasilof have four.


• Contact reporter James Brooks at jbrooks@juneauempire.com or 523-2258.


More in News

Jasmine Chavez, a crew member aboard the Quantum of the Seas cruise ship, waves to her family during a cell phone conversation after disembarking from the ship at Marine Park on May 10. (Mark Sabbatini / Juneau Empire file photo)
Ships in port for the week of July 20

Here’s what to expect this week.

Michele Stuart Morgan (right), a Juneau Board of Education candidate, signs a qualifying petition for Jeff Redmond (center), who is also seeking one of three school board seats in the Oct. 1 municipal election, just before Monday’s filing deadline at City Hall. At left, Deputy Municipal Clerk processes last-minute paperwork filed by candidates. (Mark Sabbatini / Juneau Empire)
Here’s the candidates certified for the Oct. 1 municipal election ballot as the filing deadline passes

Two running for mayor, seven for two Assembly seats, six for three school board seats.

A U.S. Coast Guard Air Station Sitka helicopter hovers over Sitka Sound during routine hoist training on April 25, 2023. (Lt. Cmdr. Wryan Webb/U.S. Coast Guard)
Coast Guard calls off search for trio who went missing flying from Juneau to Yakutat

Haines pilot Samuel Wright, Yakutat residents Hans Munich and Tanya Hutchins were on plane.

Juneau Municipal Attorney Robert Palmer reacts to praise for his service from Assembly members after his resignation was announced during a May 13 meeting. (Mark Sabbatini / Juneau Empire file photo)
Three city attorney finalists to be interviewed in public sessions this week by Juneau Assembly

Two Juneau residents with CBJ experience and D.C.-based Army attorney seek to replace Robert Palmer.

Angela Rodell, former CEO of the Alaska Permanent Fund Corp., speaks to the House Finance Committee on Thursday, June 24, 2021. (Peter Segall / Juneau Empire file photo)
Angela Rodell, former Alaska Permanent Fund Corp. CEO, says she’s running for mayor

First-time candidate to challenge incumbent Beth Weldon; filing deadline for local election is today.

Republican U.S. House candidate Nick Begich, with sign-holding supporters, waves to Midtown Anchorage motorists on Election Day in 2022. (Yereth Rosen/Alaska Beacon)
Some Alaska Republican candidates pledge to withdraw if they aren’t atop GOP votes in primary

Pledges are a way to circumvent ranked choice voting, according to one supporter.

People protesting the death of Steven Kissack gather at Marine Park after marching through downtown Juneau on Sunday afternoon. (Jasz Garrett / Juneau Empire)
Protesters demand police accountability following death of Steven Kissack

Advocates gather where he was shot, say they are raising their voices because “he’s unable to speak.”

A U.S. Coast Guard Air Station Sitka helicopter hovers over Sitka Sound during routine hoist training. (U.S. Coast Guard Photo by Lt. Cmdr Wryan Webb)
Yakutat-bound charter flight missing from Juneau

Flight departed from Juneau on Saturday with three people aboard, according to U.S. Coast Guard.

President Biden at the White House on July 3. (Doug Mills/The New York Times)
President Joe Biden drops out of race, scrambling the campaign for the White House

Withdraws under pressure from fellow Democrats; endorses Vice President Kamala Harris to take on Trump.

Most Read