Alaska plans changes to how it taxes marijuana

By October 9, 2018Marijuana

The state of Alaska is changing how it taxes marijuana in response to industry concerns.

The current tax is $50 an ounce for any part of the bud and flower and $15 an ounce for the remainder of the plant.

New rules, set to take effect Jan. 1, make distinctions between different types of bud.

So-called mature bud would be taxed at $50 an ounce, while immature or abnormal buds would be taxed at $25 an ounce. The tax rate for the rest of the plant would be unchanged.

Cultivators would continue paying the tax, imposed when marijuana is sold or transferred from a grow facility to a retail store or product manufacturing facility.

Some in the industry have sought a more extensive tax overhaul. That would require legislative action.

marijuana in hand

Marijuana. (Creative Commons photo by Katheirne Hitt)

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