Alaska

Thu
03
Sep

Federal rules, Alaska state caution stymie cannabis investments

Alaska’s forthcoming cannabis regulations might stop homegrown bud businesses from seeing a dime from the hot-ticket marijuana investment scene developing in the Lower 48.

Outside investment raises both industry and regulatory hackles in the Alaska cannabis scene, either as the surefire road to a federal crackdown or the harbinger of boutique-killing Big Marijuana, depending on who is asked.

Due to federal law, Alaska banks and credit unions refuse to handle cannabis-related accounts or loans. Cannabis businesses without their own startup capital have few options for funding beyond bootstrapping or borrowing from private lenders.

Tue
01
Sep

New Cannabis Trend: Weed Bars At Weddings

In states where marijuana is legal, a new wedding trend is popping up: open weed bars. How do we get invited? 


Twenty-eight years after Bob Marley romanticized marijuana, the drug has earned top billing in the ultimate love-fest: weddings. 

In Washington, Colorado, Alaska, and Oregon—the four states where it’s recreationally legal —“weed weddings” have gone from a fun idea to a lucrative reality. Through sites like Cannabride.com and LoveandMarij.com ganja-loving bridges and grooms can find everything from 420-focused caterers to kush-pushing florists.

Tue
25
Aug

Security service for cannabis businesses latest to enter Alaska market

Without reconciliation of banking laws at a federal level, local businesses, such as those popping up in Alaska, will need security to handle cash.

Like a gold rush, Alaska's upcoming green rush will bring stacks of specie and currency, along with a version of the Pinkertons to guard the loot.

Federal banking laws prohibit federally- or state-chartered banks and credit unions from accepting marijuana deposits or giving marijuana loans. The disparity between federal law and states that have legalized the product creates a unique security risk, as it consigns every cannabis grower, retailer, and broker to a cash-only business model ripe for theft or robbery. Alaska is catching on to a trend of cannabis business security that is rapidly growing in the Lower 48.

Mon
24
Aug

Companies race to create marijuana breathalyzer; Oregon differs from neighbors in THC limit

If Colorado or Washington police pull you over and find more than 5 nanograms of the mind-altering ingredient of marijuana per milliliter of blood in your system, you're guilty of stoned driving – whether you smoked three days ago or three hours ago.

And you could lose your license.

Not so in Oregon. In this state, so far at least, there's no established limit for the amount of THC, the psychoactive ingredient in marijuana, you can have in your blood before you are presumed to be impaired while driving.

Sat
22
Aug

Alaska: Palmer, Houston to revist marijuana issue

HOUSTON — Voters in Houston will join those in Palmer to decide whether or not marijuana will be commercially available in local stores this fall.

Voters in both communities voted to approve statewide Ballot Measure Two, which legalized the drug in 2014. Houston was the community that voted to approve marijuana by the widest margin of local municipalities: 14 percent. In Palmer, voters gave less full-throated support, approving legalization by a four-percent margin.

Fri
21
Aug

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.

Fri
21
Aug

Proposal for Fairbanks borough-wide marijuana tax fails

FAIRBANKS — An effort failed on Thursday to bring a marijuana tax to the voters in the Fairbanks North Star Borough.

The assembly called a special meeting to vote on a tax measure, which would have gone on the October ballot, but two assembly members were absent and none of the various tax rates suggested could gain the five votes necessary for approval.

“This is a giant guessing game because we don’t know the size of the industry,” Assemblyman Guy Sattley said. “We don’t know what our costs are going to be.”

Thu
13
Aug

People Are Not Happy About Proposed Alaska Marijuana Regulations

Alaska voters approved recreational marijuana legalization and regulation during the 2014 Election. Alaska joined Oregon and Washington D.C. who also voted to legalize in 2014, and Colorado and Washington who voted to legalize in 2012. The proposed rules that will govern the recreational marijuana industry in Alaska were released yesterday. Below are some of the provisions found in the proposal, via Alaska Dispatch News:

Wed
12
Aug

Alaska: Marijuana Regulators Running Out of Time and Money

The group setting up Alaska’s rules for commercial marijuana is on pace to finish regulations by a November 24th deadline. But just barely.

The Marijuana Control Board is running out of time and money as it builds the framework for legal sales.

The board’s five members spent two full days discussing line after line of new marijuana rules with state regulators, lawyers, and members of the public. It is not glamorous work developing what could be described as the nitty-gritty particulars of industry regulation. The second day–all eight hours–was dedicated to just one topic area.

Tue
11
Aug

Alaska marijuana regulators consider ban on pot clubs

ANCHORAGE -- The Marijuana Control Board presented the final set of proposed regulations at a meeting Monday, a chapter some pro-pot advocates consider controversial because it includes an article banning marijuana social clubs.

“It was the campaign to regulate marijuana like alcohol so we’re taking a hard look at our alcohol rules and statutes and see whether or not they fit,” said Cynthia Franklin, director of the ABC Board.

The language is based on an alcohol regulation.

“It’s been a law for over 30 years, that someone cannot open a place for people to come together, drink and pay an entry fee, and not be a licensed liquor establishment, by virtue of inviting people from the public and pay a free to come and drink with them,” said Franklin.

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