Alaska

Market Map

Alaska
Cannabis Market

Alaska Cannabis Market At-A-Glance

Overall Rating: A-

Alaska is the least dense state in the United States and the 48th least populated state. Despite its small population size and density, cannabis sales have continued to prevail and are steadily on the rise. Alaska is the only legalized state with a very specific cannabis tax structure.

Medical Use: Yes

Adult Use: Yes

Market Potential

Cannabis sales in Alaska are expected to steadily rise within the next three years.

Licensing

No stated licensing caps and no required vertical integration makes Alaska a great market for opening a new business.

Competition

B+

Wholesale prices remain strong giving the illicit market a leg up.

Tax/Regulatory Structure

B-

Very specific wholesale tax structure. No state tax. Product is taxed at the wholesale price.

Alaska Cannabis Details

Population (Rank)

731,545

#48

Size/Density

1.28 sq. miles

#50

Medical Cannabis?

Yes

1998

Adult-Use Cannabis?

Yes

2014

2020 Medical Sales

2022 Projected Medical Sales

$3,000,000

2020 Adult Use Sales

2022 Projected Adult Use Sales

$28,000,000

$119,000,000

325%

Regulatory Agency

Marijuana Control Board

https://www.commerce.alaska.gov

# of Dispensaries (allowed/issued)

No limit

# of Cultivators (allowed/issued)

No limit

148

# of Manufacturers (allowed/issued)

No limit

# of Testing Labs (allowed/issued)

No limit

Vertical Integration?

Allowed

Residency Requirements?

Yes, the resident has to have lived in Alaska for 1 calendar year. No other person besides the licensee can have any financial interest in the company

Social Equity?

No – Currently in review

Cannabis Taxes

Combined Tax Rate

Cannabis in Alaska is taxed at the wholesale level. Flower: $50 per ounce | Abnormal bud: $25 per ounce | Trim: $15 per ounce | Clones : $1 per clone

Excise Tax

Subject to municipality, not all have one – between 3%-5%

Retail Sales Tax

None

Local Sales Tax

None

State Sales Tax

None

Cultivation Tax

None

Licensing Fees (per year)
^{*Varies based on gross revenue}

Adult-Use Retailer

$5,000

Adult-Use Limited Cultivation License

$1,000

Adult-Use Cultivation License Fee

$5,000

Adult-Use Extract Only Manufacturer License Fee

$1,000

Adult-Use Manufacturer License Fee

$5,000

Medical Licensing Fees

Application Fees

All Recreational Applications

$1,000

All Medical Applications

10/09/2021

Market Map

Alaska Cannabis Market At-A-Glance

Alaska Cannabis Details

Cannabis Taxes

Licensing Fees (per year) *Varies based on gross revenue

Application Fees

Licensing Fees (per year)
^{*Varies based on gross revenue}