Alaska ranks highest, New Jersey lowest in adult-use marijuana taxes, report says

Alaska’s recreational marijuana taxes are the highest in the country, and New Jersey’s are the lowest.

That’s according to Richard Auxier and Nikhita Airi, the authors of the Urban-Brookings Tax Policy Center’s September report, “The Pros and Cons of Cannabis Taxes.”

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But it’s a tough comparison to make. No two states where adult-use marijuana is legal approach cannabis taxes the same way.

“Every state is a special and unique flower,” Auxier, senior policy analyst for the Tax Policy Center, told MJBizDaily.

From excise taxes to weight-based taxes to potency taxes to wholesale taxes and their respective rates, those discrepancies can make it difficult to compare adult-use marijuana taxes across the United States.

Such a patchwork can also complicate tax planning for cannabis businesses with aspirations to expand to multiple states.

That’s why Auxier and Research Analyst Nikhita Airi took a creative approach to examining marijuana taxes in

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Alaska’s recreational marijuana taxes are the highest in the country, and New Jersey’s are the lowest. That’s according to Richard… Continue reading
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