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Receive the May 2018 back issue of Alaska Economic Trends magazine.
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Marijuana: A New Industry
Alaska’s marijuana industry is still in its infancy. Voters legalized recreational use in 2014, but marijuana wasn’t available commercially until 2016. Most licenses are less than a year old, and many licensed marijuana businesses don’t yet show up in wage and salary records because they don’t have employees. However, initial data show a steady increase in tax revenue, wages and employment, and the number of licenses in Alaska.
More workers are 55 and over
Income up slightly in 2017