Alaska’s Cannabis-Derived Tax Revenues Set Single-Month Record at One-Year Mark

At the one-year mark, recreational cannabis sales taxes in Alaska reached $953,591 in the month of October, setting a new single-month record in the state, according to a Juneau Empire report. The revenues come on 1,004 pounds of flower sold by cultivators to retailers, and another 62 pounds of other plant parts.

Regulators also approved three new licenses for Norvin Perez, who owns Green Valley Enterprises, a farm; Southeast Essentials, a manufacturer; and Glacier Valley Shop, a retail dispensary. According to the report, two farms, two retail stores, and a testing laboratory have also been approved but have not yet passed the final inspections.

The Alaska Alcohol and Marijuana Control Office also issued its first consumer alert last week for edibles produced at Frozen Budz. The alert indicates that the edibles were not tested before being sent to retailers for sale. The manufacturing facility has been suspended while regulators investigate.

“The products are labeled as having 5 mg of THC per serving, but in reality, each serving may have a great deal more THC,” said Erika McConnell, director of the AMCO, in a statement. “Additionally, the products have not been tested for contaminants such as bacteria, fungus, or mold. Consumers who have purchased products made by Frozen Budz should be aware.”

Alaska has, during its program’s first year, collected $4.7 million in cannabis tax revenues.

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Authored By

TG is a journalist by trade and has been covering cannabis industry news for Ganjapreneur.com since 2014. He is also the host of the Ganjapreneur.com Podcast and currently lives in Burlington, Vermont.

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