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Alaska Could Provide Big Opportunities for Expansion-Minded MJ Companies in Other States
Established cannabis companies looking to expand into new markets could find a major opening in Alaska if a recent legislative proposal becomes law.
The measure – introduced in the state Legislature last week – would ban applicants seeking recreational cannabis licenses from accepting investments by third parties. That stipulation could give established companies a big edge over small startups and individual entrepreneurs, according to some observers, as licenses applicants would more or less need to be entirely self-funded.
It’s also possible that existing companies from other states could bypass a proposed one-year residency requirement for individuals seeking licenses. In its current form, the legislative bill would require only the registered agent of a corporation applying for a license to be a resident of the state.
That could open the door for companies in other markets to easily team up with a local to submit an application.
“Everybody except corporations that...
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