The Anchorage Assembly on Tuesday night approved a ballot measure that will ask voters in April whether marijuana retail sales should be taxed, starting at 5 percent.
The ballot measure would authorize the Assembly to increase the tax up to 12 percent without going back to voters again, but only once every two years and by a maximum of 2 percent each time. For the first three years, the revenue would fall outside the city tax cap.
After nearly an hour of debate, the Assembly voted 9-2 to approve the measure, with Patrick Flynn and Amy Demboski in opposition.
During the hearing, several industry representatives voiced concern about the structure of the tax and the city’s assumptions about needing a tax to cover enforcement costs.
Read more
Anchorage Voters to Consider Marijuana Sales Tax
Recommended
