Marijuana tax collections increasing in Alaska

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ANCHORAGE (KTUU) -


(App users, to view the interactive data visualization, follow this link).

Methodology:
Data is sourced from the Alaska Department of Revenue's Tax Division. The department releases new information monthly. And the data, above, is reflective of the October 2017 report.

This tax information only includes Alaska's cultivators – retail stores are not included. According to the Alaska DOR, all money amounts are rounded to the nearest whole dollar for reporting purposes.

And while data for the Methods of Payment chart is not released online, the information was provided to KTUU by Mazzei, excise tax supervisor for the AKDOR Tax Div. She says the state collected 247 individual payments by cash, in October.

Additionally, Mazzei says the state collected $953,591 in marijuana tax revenue for the month of October, in which 66 taxpayers paid the tax on the transfers of 1004 pounds of bud and 626 pounds of trim.

Original Story - Nov 02, 2017:
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."

Mazzei says she expects the number to continue increasing.

"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."

Tax money goes into the state's general fund, with about half going into the Recidivism Reduction Fund created in 2016 as part of SB-91.



 
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