Alaska Medical Cannabis Business & Marijuana Legal News

Alaska’s on-site marijuana consumption rules await lieutenant gov’s pen

Alaska has moved closer to allowing on-site consumption of cannabis at specially authorized stores, a move that could generate $2.4 million in new revenue, according to an informal industry analysis. The state’s Department of Law found no legal problems with the rules approved by marijuana regulators in December that will govern where and how on-site […]

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Alaska’s marijuana business owners at odds with new governor’s plans for industry

Alaska cannabis industry stakeholders are pressing their case against Republican Gov. Mike Dunleavy’s plan to abolish the Marijuana Control Board, arguing it could harm the state’s MJ market. At a legislative reception in Juneau on Feb. 22 hosted by the Alaska Marijuana Industry Association, business owners told a group of 50 legislators and staffers the […]

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Chart: Adult-use marijuana sales spike 7% on Valentine’s Day

Valentine’s Day isn’t just an opportunity to express love, it’s also an opportunity to spend – a trend that is reflected in retail marijuana expenditures in several adult-use markets. The National Retail Federation (NRF) estimated that total 2019 spending on Valentine’s Day gifts in the United States would exceed $20 billion, making the holiday No. 3 […]

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New Alaska Gov. Dunleavy hopes to scrap state’s Marijuana Control Board

Alaska Gov. Mike Dunleavy aims to repeal the state’s Marijuana Control Board, raising alarm bells among cannabis industry officials and investors who fear the move would put licensing and enforcement decisions in the hands of one person and limit the industry’s input into rulemaking. Dunleavy’s plan was outlined in a letter to commerce department employees by […]

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Judge sentences thief who caused $150K in damages at Alaska marijuana business

A burglar who nearly put a cannabis cultivation facility in Anchorage, Alaska, out of business received a maximum two-year sentence and five years of probation, underscoring the need for strict security at plant-touching companies. Total damage to the business exceeded $150,000. The man was found to have stolen or damaged $144,00 in marijuana. After a […]

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Alaska marijuana business owners to gain access to financial services

A nonprofit credit union in Alaska, Anchorage-based Credit Union 1, is set to begin offering financial services to cannabis companies in the state in March, which will allow those businesses an avenue to reduce their reliance on cash. It is the first time marijuana companies in the state have had access to this kind of banking option, according […]

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Alaska OKs rules for on-site cannabis use, gives jurisdictions some control

Alaska regulators approved rules for on-site consumption of marijuana at some retail cannabis shops – but local governments, by an ordinance or ballot question, could bar on-premise use or certain types of consumption, such as smoking. Cary Carrigan, the executive director of the Alaska Marijuana Industry Association, called the state’s Marijuana Control Board’s 3-2 vote […]

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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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