ALASKA: The Anchorage Assembly is introducing a measure to tax marijuana when sales become legal in the year ahead. The proposal hinges, however, on voter approval in April.
Though it’s still several steps away, Assembly members are proposing to eventually tax marijuana retail sales at five percent.
Ernie Hall chairs the committee that’s been looking at how to tax cannabis products within the municipality, and said the figure is a preliminary estimate of what the city will need to collect in order to pay for the licensing and enforcement costs that come along with opening new businesses.
“This is drafted where if we start at five and we find out we’re not covering the expense of this industry we can adjust it two percent at a time over a number of years,” Hall explained after the committee meeting adjourned Thursday evening. The Assembly would only be able to change the percentage taxed every two years.