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...

Rate this article: 

This marijuana news is brought to you by 420 Intel. For the latest breaking cannabis industry news, subscribe to the 420 Intel newsletter. If you'd like to promote your product or service in this area after every article, contact us.