Alaska Marijuana Business News

19 attorneys general urge Congress to give cannabis states access to banking

A letter to 10 major Congressional leaders from 19 attorneys general asks Congress to push through legislation that would allow states with medical or recreational marijuana laws to bank as other business do. The group suggests that Congress give special attention to measures such as the Secure and Fair Enforcement Banking Act (SAFE). Congressman Ed Perlmutter, D-Colorado, introduced […]

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Industry insiders, state officials in recreational cannabis markets vow to stay the course

Prominent figures from the nine recreational marijuana markets in the United States reacted defiantly to the announcement that Attorney General Jeff Sessions is throwing out Obama-era protections for the legalized cannabis industry. From Alaska to Maine, industry insiders in states with legal adult-use programs and politicians from both sides of the aisle spoke out against the action. But […]

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Break-in at Alaska marijuana operation, $150k of product stolen

A marijuana business in Anchorage had a large amount of freshly packaged cannabis stolen, police said, highlighting the ongoing danger robberies can present for plant-touching companies. The owner of Danish Gardens – a licensed grower, product manufacturer and retailer – arrived at his store to find the glass employee entrance smashed in, with a small […]

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Week in Review: Marijuana fund raises, more Maryland dispensaries & Alaska edibles maker shut down

Two ancillary marijuana companies announce huge fund raises, Maryland approves 12 more medical cannabis dispensaries, and Alaska regulators shut down an edibles company. Here’s a closer look at some notable developments in the marijuana industry over the past week. Sign of the times? Significant capital raises by a pair of cannabis-focused technology companies portend what […]

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Alaska shuts down marijuana edibles maker for multiple alleged violations

In an unprecedented move, Alaska’s marijuana control agency is revoking the license of a marijuana edibles manufacturer that was accused of selling moldy products. The state’s Alcohol and Marijuana Control Office board voted unanimously to revoke the license of Fairbanks-based Frozen Budz and to fine the company $500,000, the Juneau Empire reported. Erika McConnell, director of […]

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Alaska suspends marijuana edibles maker’s license during probe

One of the first infused product manufacturers in Alaska has been forced to halt operations because of an allegation it may have bypassed required lab testing for some of its edibles.

Fairbanks-based Frozen Budz on Monday was ordered to cease production when the state Marijuana Control Board suspended the company’s manufacturing license until the board can complete an investigation into the potency levels of its edibles, the Daily News-Miner reported.

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Alaska to probe erratic cannabis potency results at state’s labs

A committee will look at issues surrounding the testing of marijuana products amid inconsistency in potency results from Alaska’s two labs, the state’s top marijuana regulator said. However, Erika McConnell, director of the Alcohol and Marijuana Control Office, told Anchorage TV station KTVA she couldn’t estimate know how long that process might take. During a […]

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Marijuana payment firm to put $2.86M raise toward expansion

Marijuana payment service PayQwick, which brands itself as the PayPal of marijuana, has secured a $2.86 million raise. According to a news release, the Calabasas, California-based company plans to use the funding to increase sales and product development as it expands into California, Nevada, Michigan and Alaska. Here’s what you need to know: PayQwick allows […]

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As marijuana consumption licenses stall, some entrepreneurs see opportunity

By Kristen Nichols More than three months after setting rules for the nation’s first licensed marijuana consumption clubs, Denver has yet to receive any applications. The stalemate has officials in other states and jurisdictions holding off on licensing consumption clubs or lounges until they see how it goes in Colorado’s capital.

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Alaska voters reject three cannabis business bans

Alaska’s marijuana industry is breathing a sigh of relief after voters in three of the state’s largest population areas – and where a large number of the state’s cannabis businesses operate – resoundingly rejected three different proposed moratoriums. The moratorium referendums were held Tuesday in Fairbanks (population 33,000), the Fairbanks North Star Borough (100,000) and […]

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Cannabis campaign in Fairbanks, Alaska, heads into final days

Leading up to a municipal election next week, it appears that marijuana companies in Fairbanks, Alaska are well-positioned to keep their business interests alive. Voters in Alaska’s third-largest city, along with Fairbanks North Star Borough, will decide on Oct. 3 whether to continue to allow cannabis companies to operate within the municipality’s boundaries, and so […]

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