The Senate Finance Committee has proposed a recidivism reduction fund filled annually with 50 percent of revenue from pot taxes. That money could fund institutional changes and programs proposed for corrections, health and social services and public safety.

The criminal justice overhaul is designed to keep Alaska’s prison population down and lower the number of repeat offenders.

Committee co-chair Sen. Anna MacKinnon says her committee got a best guess estimate from Gov. Bill Walker’s administration on potential marijuana revenue. They’ve estimated $3 million going into the fund next year and $6 million annually through 2022.

The state has legalized recreational pot and regulators are in the process of accepting applications for marijuana businesses.