Alaska's marijuana tax revenue reaches $1M

JUNEAU, Alaska (AP) – Alaska’s marijuana industry has brought in more than $1 million in tax revenue since commercial sales began in October.

Revenue passed the mark on June 30, which was the due date for Alaska cannabis growers to pay taxes collected in May, The Juneau Empire reported. The state’s May money pushed overall revenue to $1.2 million and was $272,600 – the highest of any single month since October.

The Department of Revenue predicted earlier this year that the state would collect $2 million in the fiscal year that ended July 1. The revenue will miss that mark, but officials said s...