Post by Logan on Jan 21, 2016 2:15:07 GMT -6
Alaska marijuana businesses from Barrow to Juneau paying their monthly taxes in cash will have to travel to Anchorage to deposit the money, the state tax division said Wednesday.
The tax division outlined its plans Wednesday, the first news of how Alaska's canna-businesses will pay their monthly taxes since the state held discussion sessions this autumn.
“I’m sure the folks that are planning to do business anywhere but Anchorage are going to be disappointed,” deputy director of the Revenue Department's Tax Division, Brandon Spanos, said Wednesday.
Once Alaska’s commercial marijuana industry gets up and running later this year, growers will pay excise taxes every month. The division is proposing $50 per ounce of flower or bud, and $15 per ounce for the rest of the plant.
Continued at www.adn.com/article/20160120/alaska-pot-businesses-will-have-pay-cash-taxes-anchorage .
The tax division outlined its plans Wednesday, the first news of how Alaska's canna-businesses will pay their monthly taxes since the state held discussion sessions this autumn.
“I’m sure the folks that are planning to do business anywhere but Anchorage are going to be disappointed,” deputy director of the Revenue Department's Tax Division, Brandon Spanos, said Wednesday.
Once Alaska’s commercial marijuana industry gets up and running later this year, growers will pay excise taxes every month. The division is proposing $50 per ounce of flower or bud, and $15 per ounce for the rest of the plant.
Continued at www.adn.com/article/20160120/alaska-pot-businesses-will-have-pay-cash-taxes-anchorage .