Cannabis retailers and manufacturers have been selling edible products with 10mg of THC per serving, double the state's current 5mg limit since September 2021.
The Marijuana Control Board ("MCB") in Alaska has extensive rules and doesn't allow out-of-state investors to enter the market. Additionally, many municipalities have opted out of permitting adult-use legalization and licenses. Alaska has the highest tax rate on flower sales among the mature markets. The state also allows home cultivation, of which many Alaskans take advantage.
There is no notable activity at this time.
Alaska is the OG cannabis state. Decriminalized in 1971, legalized medical cannabis in 1998, adult use in 2014, and the first state to approve on-site consumption in 2019. The strict resident requirement to obtain a license prohibits MSOs from entering the market. Until the MCB lifts that restriction, there isn't a play.
*There are 95 “limited” cultivation licenses that only allow up to 500 sq.ft. and 115 “standard” cultivation licenses with no limit.
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