Alaska Growers Have Tax Worries

They introduce the piece by reporting….

Forty-five growers in the state are delinquent, compared to six a year ago, according to figures provided by Alaska’s Department of Revenue. For the June tax filing period, more than 160 growers had filed a tax return with the state.

The cannabis tax is imposed on cultivators when cannabis is sold or transferred from a grow facility to a retail shop or product manufacturer. There is a lesser tax rate for immature bud and trimmings.

Among states that have legalized recreational cannabis, Alaska is the only one whose tax structure is built solely on a fixed dollar amount paid by growers, according to information compiled by the Pew Charitable Trusts, a public policy organization. Alaska has no statewide sales tax, though some municipalities, like Anchorage, levy their own sales tax on weed.

Read more at  https://marijuanaretailreport.com/alaskas-licensed-cannabis-growers-cite-tax-concerns/

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