Notable Players
No MSOs currently

A Deeper Look At This State

Regulatory Framework

Beginning September 1, 2021, cannabis retailers and manufacturers can sell edible products with 10 milligrams of THC per serving, double the state's current 5mg limit, and bringing regulations in line with what other states have adopted.

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 adopting adult-use legalization and permitting licenses. Alaska has the highest tax rate on flower sales among the mature markets. The state also allows home cultivation, which many Alaskans take advantage of.

Notable Market Activity

There is no notable activity at this time.

What's the Play?

Alaska is the OG cannabis state - decriminalized in 1971, legalized medical 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. If you are looking for a play, you’ve either hit rock bottom or recently acquired an igloo.

Market Snapshot

This Data Point

58,380

This Data Point

58,380

This Data Point

58,380

This Data Point

58,380

This Data Point

58,380

This Data Point

58,380

This Data Point

58,380

This Data Point

594/273

By The Numbers

Population

~0.7MM

Annual Tourists

~
2
MM

Medicinal Legalization

1998

Adult-Use Legalization

2016

First Adult-Use Sales

2016

MMJ Patients

440

Monthly Revenue

~$20MM

Cultivation Cap

No Limit*

Cultivation Licenses

255/No Limit (Issued/Limit)

Retail Licenses

149/No Limit (Issued/Limit)

Retail License Cap per Operator

No Limit

Vertical Integration

Required

Delivery

Not Allowed

MMJ Qualifications

Less Restrictive

State Population / # Retail Licenses

~4K

Accepts Out of State MMJ

Yes

MMJ Patients / # Retail Licenses

*There are 95 “limited” cultivation licenses that only allow up to 500 sq.ft. and 115 “standard” cultivation licenses with no limit.

Top Cultivators

Notable Market Activity

Quick sentance is needed or wanted

Quick sentance is needed or wanted

Quick sentance is needed or wanted

Proprietary Sharp Capital Advisors data - compiled using various sources including state and local government data

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Shit We Don't Know

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