Marijuana tax revenue soars to new high

FAIRBANKS, Alaska - Alaska has raked in its biggest monthly haul in marijuana taxes, with just over a million dollars collected in January.
The state Department of Revenue's Kelly Mazzei also says January tallied the highest number of operations paying the tax.
Cultivation facilities are taxed when marijuana is sold or transferred from a licensed grow facility to a retail marijuana shop or product manufacturing facility.
State law calls for half of the tax revenue to go toward programs aimed at reducing repeat criminal offenders.
A bill pending before the Alaska Senate calls for using an additional portion of the tax revenue for a marijuana education and treatment program.
The state says it has collected roughly $7.4 million dollars in marijuana taxes since collections began in October 2016.