ALASKA: If Alaska voters decide in next week’s election to legalize marijuana, sales to adults will generate millions in state tax revenue.
That’s according to a comprehensive report released Monday by the Marijuana Policy Group, an organization of Colorado researchers and economic consultants.
The first year of legal recreational marijuana sales would mean about $7 million in state taxes, according to Marijuana Policy Group, which previously analyzed the marijuana market in Colorado, one of two states where recreational sales are legal. Alaska’s legal recreational marijuana sales would account for about 22 percent of total demand in that first year — or about four metric tons, according to the research.
“Previous studies incorrectly assume that all demand will quickly shift to regulated markets,” the researchers noted. “In our experience, such assumptions are naïve.”