The Matanuska-Susitna Borough, long seen as the motherland of marijuana in Alaska, expects to see a sharp increase in cannabis revenue for the coming fiscal year.
Budget documents for fiscal 2019-20, which starts July 1, project revenue from marijuana sales to reach $800,000 for the year. That would amount to just 1% of the total projected revenue from all sources for the year, however, according to borough documents.
Through mid-April of the current fiscal year, with 2 ½ months remaining, the borough had received $538,284 in marijuana tax revenue.
The borough received $529,534 in marijuana sales tax revenue in the prior fiscal year.
The borough collects a 5% sales tax on all retail sales of marijuana and marijuana products.