Anchorage considers increasing marijuana sales tax as consumers clamor for cannabis
The Municipality of Anchorage is looking to bump up its marijuana sales tax, citing a “tremendous” amount of resources it has spent working with the city’s fledgling cannabis industry.
Meanwhile, consumers have shelled out tens of millions of dollars on legal weed in Anchorage since stores opened in December 2016.
Alaska’s largest city has a 5 percent cannabis sales tax in place. An ordinance introduced at the Anchorage Assembly meeting on Tuesday evening would increase that to 7 percent.
At its current rate, Anchorage’s sales tax is expected to bring in $3.5 million this year.
Marijuana attorney Jana Weltzin said some in the cannabis industry were disappointed by the municipality’s decision to seek an increase in taxes.
“These companies are just now getting on their feet,” Weltzin said.