Mat-Su Borough has generated roughly $151,000 in marijuana tax revenue. At September’s end, the borough reported selling more than $3.3 million in marijuana.
The revenue from marijuana sales has tripled since the second quarter of this year, according to Alaska Public Media. The first few retail marijuana stores opened up in the second quarter of 2017, so the big increases in revenue are a bit surprising. No one knows if the rate of growth seen will continue.
The Developmental Services Manager, Alex Strawn, said, “There’s just a lot of unknowns. We really did not know what to expect. We have not had a really good idea of how much money is going to be generated in taxes, so we’re kind of just seeing how this all unfolds.”
Alaska regulators learned from mistakes made in other legal states when crafting its regulations.