AK HB119

Retail marijuana stores may lawfully deliver, distribute, or sell marijuana and marijuana products to consumers, marijuana cultivation facilities, and marijuana product manufacturing facilities (expanded from consumers only).

Marijuana establishment registrations change from annual to biennial (two-year) registrations, with criminal background checks required every six years instead of every five years.

Excise tax on marijuana sold from cultivation facilities reduces from $50 per ounce to $12.50 per ounce, effective January 1, 2025.

New seven percent sales tax imposed on retail marijuana store sales to consumers, effective January 1, 2025.

Reporting requirements for retail marijuana stores change from monthly to quarterly statements and tax payments to the Department of Administration.