Alaska: Marijuana board amends regs, sets $5,000 licensing fee

The cannabis industry’s growing pains are causing unease for some stakeholders, even as the newly minted Alaska Marijuana Control Board was able to favorably change certain draft regulations.

The Alaska Marijuana Control Board decided on several changes to the draft regulations for the budding cannabis industry during its second meeting Aug. 10-11. The board set a license fee of $5,000, left an open window for Outside investment dollars, liberalized key cannabis business zoning requirements, removed a requirement for license holders to list their family members’ information on license applications and estimated the number of licenses for cannabis businesses.

While cannabis is legal to consume and possess, its sale is prohibited until the control board issues business licenses in May 2016.

Until then, the board has three sets of draft regulations to review and amend after public comment, and  before recommending to the state Legislature in November.

Some changes, like the...

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.