"Alaska’s new adult-use cannabis task force could set things right"

Under Alaska’s current adult-use cannabis tax structure, businesses are being run into the ground due to delinquency on payments despite operators pouring in their life savings in some cases.

On September 20, Alaska Governor Mike Dunleavy issued Administrative Order No. 339 to establish an advisory task force on adult-use cannabis. The goal is to review the state’s current cannabis tax and fee structures, and the stakes couldn’t be higher given the way cannabis tax structures have crippled other states.
When all is said and done, the task force will provide recommendations to the Office of the Governor to improve Alaska’s adult-use cannabis market.

Alaskans approved an initiative to tax and regulate the production, sale, and use of cannabis in 2014. And one of its biggest problems? The initiative settled upon a flat $50-per-ounce excise tax on the sale of cannabis from warehouses to retailers, which took effect in February 2015.

To read the complete article, go to www.forbes.com


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