AK HB337

Marijuana cultivation facilities must furnish a $5,000 cash or surety bond payable to the department and approved by the Department of Law, with license suspension if the bond is not provided or taxes go unpaid.

Cultivation facilities are primarily liable for excise taxes on marijuana sold and must file electronic returns by the last day of each month detailing ounces sold, buyer names and addresses, and weights transferred.

Persons not registered under AS 17.38 found in possession of marijuana plants exceeding the personal use limit are subject to a $50 tax per ounce or partial ounce of excess marijuana.

Marijuana product manufacturing facilities and retail marijuana stores are secondarily liable for taxes and must provide proof of tax payment on their marijuana inventory upon department request.

The department may examine and demand inspection of all books, papers, records, and memoranda related to growing, selling, receiving, storing, refining, or processing marijuana, which must be preserved for at least three years.