The Marijuana Control Board (“MCB”) in Alaska has extensive rules and doesn’t allow out-of-state investors to enter the market. Additionally, the municipalities have final control as many have opted out of adopting the 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 do.
There is no notable activity at this time.
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.
*There are 95 “limited” cultivation licenses that only allow up to 500 sq.ft. and 115 “standard” cultivation licenses with no limit.