Cannabis sales in Alaska break records for six month in a row
Alaska has hit new record-high cannabis sales, according to a report from the Alaska Department of Revenue.
In August, the state collected $694,364 in cannabis taxes, marking it as the sixth consecutive month of record sales and the highest figures to date for the Alaska’s cannabis industry.
The state reported 734 pounds of flower were sold in August and 447 pounds of other cannabis plant parts were also sold that month.
On Tuesday, Alaska’s voters rejected a ballot measures aimed at closing down cannabis businesses in Fairbanks, which continues to be Alaska’s green heart. Out of 56 farms that paid taxes during the month, 14 of those were located in Fairbanks, up from 12 in July.
At this time of the year, the cannabis industry is expected to keep growing, even though the process from harvesting to selling, where the crop is cured and packaged, requires some time.
Kalley Mazzei, excise tax supervisor who oversees the cannabis tax collections, said she expects another record high sales when September figures arrive, and $700,000 in taxes collected during the month.
She said, “I do not attribute this growth to the state’s outdoor grows, so we could see a radical spike in tax collections later this year still.”