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US (AK): Cannabis growers behind on their taxes by a total of more than $2M

Dozens of Alaska cannabis growers are behind on their taxes by a total of more than $2 million, according to a March 18 letter by the Alaska Department of Revenue’s Tax Division. 

Some cannabis cultivators owe less than $200. Others owe tens of thousands. One company listed has a bill in the high hundreds of thousands. Cannabis companies are on payment plans and some have gone out of business, according to the state revenue department. 

The biggest overdue tax bill listed of $719,338 involves Fairbanks grower Alaskan Blooms. Alaska Cannabis Company, based in Nikiski, had an outstanding balance of $146,975. Green Degree, based in Wasilla, owed $134,706 in cannabis taxes, according to the letter.

Karen Lowry is a part-owner of Alaskan Blooms and said they have been in communication with the Alaska Department of Revenue and the Alcohol and Marijuana Control Office. She said the tax debt now is a bit less at between $600,000 and $700,000, and it reflects the large-scale nature of their operation. 

Read more at newsminer.com

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