The state of Alaska collected $726,000 in marijuana taxes for the month of September.
Kelly Mazzei, excise tax supervisor for the state’s tax division, said that number is greater than August numbers and considerably higher than in July.
“We’re really climbing steadily in this fiscal year,” Mazzei said. “One way of looking at it is all of last fiscal year we collected $1.7 million. And in three months, we’re already close to $2 million in collections – just three months into the fiscal year.”
“We are expecting 9.2 million collections right now published for this fiscal year, but then next fiscal year it jumps up to 18 million. So we are expecting, through economic modeling and forecasting, that the state is going to continue to see a very steady increase in marijuana tax collections,” Mazzei said.
The state began collecting taxes in October of 2016.
“The last four days of October is when we started the very first marijuana transfers from cultivator to retail occurred, and we collected just over $10,000,” she said. “So in contrast, we’re now collecting three-quarters of a million dollars over the last two months versus $10,000 in the first month that we started, which was just a year ago.”
credit:420intel.com
