Alaska Medical Cannabis Business & Marijuana Legal News

Alaska credit union launches pilot program to serve marijuana firms

An Alaska credit union has joined the growing ranks of state-chartered financial institutions to announce plans to serve the legal cannabis industry. Credit Union 1 – a 66-year-old, Anchorage-based business – announced Thursday it is kicking off a pilot program to provide financial services to the state’s approved marijuana-related businesses – otherwise dubbed MRBs. “Since […]

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Alaska regulators weigh increase in license fees for cannabis businesses

Alaska regulators are mulling a hike in marijuana business license fees to bankroll the work needed to regulate the state’s cannabis industry. The Alaska Journal of Commerce reported the state’s Marijuana Control Board is weighing two proposals: An increase in the $500 license to $1,500, and the $5,000 license to $7,000. An increase in the $500 […]

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Week in Review: Sweet Leaf owners make a deal, NJ/IL medical cannabis reform & Alaska tax revamp

Sweet Leaf’s owners strike a deal with Colorado marijuana regulators, New Jersey and Illinois take steps to bolster their medical cannabis markets, and Alaska overhauls its MJ business taxes. Here’s a closer look at some notable developments in the cannabis industry this week. Sweet Leaf hit hard The owners of the once high-flying Colorado marijuana […]

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Alaska plans changes to how it taxes marijuana in response to industry concerns

Alaska is revising how it taxes cannabis to address concerns raised by local MJ industry executives, a move that will make distinctions between different types of bud. The current excise tax per wholesale ounce of cannabis bud or flower is $50 in Alaska, according to the Marijuana Business Factbook 2018. That rate – equivalent to […]

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Licensing delays cost Alaskan marijuana license applicants time, money

Applicants for cannabis business licenses in Alaska could be forced to wait up to five months for their paperwork to be reviewed, despite a state statute stipulating that licenses should be granted in roughly 90 days. Prospective licensees told the Alaska Journal of Commerce the long wait times are costing them money. One cultivation business owner […]

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Chart: Alaska’s recreational cannabis market strong, but seasonal sales swings a challenge for MJ businesses

Alaska’s summer tourism season has produced the strongest months on record for wholesale marijuana sales, but MJ businesses are still adapting to the cyclical nature of the state’s adult-use market. The state’s cultivators sold nearly 2,500 pounds of flower and trim to retailers and infused product manufacturers in July – an increase of 7% from […]

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Week in Review: MJardin’s reverse takeover, California’s marijuana testing woes & Alaskans’ taste for high-THC goods

MJardin becomes the latest U.S. cannabis company to go public in Canada through a reverse takeover, nearly 20% of marijuana products in California fail tests for potency and purity, and Alaskans’ preference for high-THC products could bankrupt some growers. Here’s a closer look at some notable developments in the cannabis industry this week. Buyer beware […]

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Increased desire for high-THC products a hazard for some Alaska cannabis cultivators

Consumers in Alaska are willing to pay higher prices for more potent cannabis, but that trend could threaten to bankrupt some cultivators, according to an article in the Anchorage Daily News. Growers whose marijuana tests below 20% THC struggle to recoup their costs because their product won’t sell for a premium price, a lab director […]

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How marijuana companies can keep staffs intact during market launch delays

In new cannabis markets where compliance, scarce supply or testing logjams can delay cultivation and retail operations, it’s critical to retain talent during slowdowns and shutdowns.

Delays that bogged down the launch of cannabis sales in Alaska, Hawaii and Pennsylvania don’t have to be detrimental to marijuana businesses, according to industry insiders

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Alaska adds marijuana testing facility in state’s underserved interior

Alaska regulators approved the license for the first cannabis testing facility in interior Alaska, and the lab is expected to open next month in Fairbanks. Having a testing facility there will cut wait time and transportation costs for interior growers, said Cary Carrigan with the Alaska Marijuana Industry Association. State tax records show there are […]

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Alaska city rejects marijuana retail sales tax increase

(This story has been updated to include information from Jana Weltzin, a cannabis attorney.) The Anchorage Assembly voted against a 2% tax increase on cannabis retail sales Tuesday. MJ business owners see the Assembly’s 8-2 vote as a win for them and a blow to the state’s illicit cannabis market, TV station KTUU reported. Anchorage Mayor […]

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Week in Review: Colorado’s flat marijuana sales, Nevada’s new MJ opportunities & Alaska’s cannabis tax ideas

Monthly cannabis sales in Colorado are flat for the first time since the state launched adult use, Nevada offers a select group additional opportunities in its recreational market, and Alaska weighs the idea of a new excise tax tier for marijuana cultivators. Here’s a closer look at some notable developments in the cannabis industry over the […]

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