AK SB73

Reduces the marijuana excise tax from $50 per ounce to $12 per ounce on sales or transfers from cultivation facilities to retail stores or manufacturing facilities

Changes marijuana establishment registrations from annual to biennial (every two years), including state board registrations and local government operating, registration, and application fees

Creates a state corporate income tax exemption for Alaska corporations that qualify as small businesses under federal 26 U.S.C. 1202(e) criteria, excluding construction, transportation, utility, and fisheries businesses

Extends marijuana tax liability to unlicensed cultivators who grow beyond personal use limits and sell or transfer marijuana

Effective date of July 1, 2025