This bill amends various sections of Alaska's marijuana regulations, primarily focusing on the registration process for marijuana establishments and the associated tax implications. Key changes include the transition from annual to biennial registrations for marijuana establishments, as indicated by the insertion of "biennial" in multiple sections, including AS 17.38.200(d) and AS 17.38.210. The bill also stipulates that local governments may establish biennial fees for operating and registration, and it allows applicants to resubmit their applications to local regulatory authorities if the state board fails to act within a specified timeframe. Additionally, the bill introduces a new tax exemption for qualified small businesses, defined as Alaska corporations meeting specific criteria under federal law.

Furthermore, the bill modifies the excise tax on marijuana cultivation, reducing the tax rate from $50 to $12 per ounce, as noted in AS 43.61.010(a). It also imposes a tax on individuals cultivating marijuana without a valid registration, ensuring compliance with state regulations. The effective date for these changes is set for July 1, 2025, allowing time for implementation and adjustment by affected parties. Overall, the bill aims to streamline the registration process for marijuana establishments while providing tax relief for qualifying small businesses.

Statutes affected:
HB0094A, AM HB 94, introduced 02/12/2025: 17.38.200, 17.38.190, 17.38.210, 17.38.320, 17.38.300, 43.20.012, 16.10.380, 16.10.400, 16.10.450, 16.10.455, 16.12.010, 16.12.080, 16.12.090, U.S.C, 43.61.010, 17.38.020, 43.61.020, 43.61.030, 43.05.220