ALASKA

Programs
- Alaska Medical Marijuana Initiative, Measure 8 (Medical)
- An Act to Tax and Regulate the Production, Sale and Use of Marijuana, Alaska Measure 2 (Adult Use)
Dispensaries
- Alaska Marijuana License Search
- A licensed marijuana retail store may not conduct business on or allow a consumer to access the retail marijuana store’s licensed premises between the hours of 5:00 a.m. and 8:00 a.m. each day.
Geography
- Canada (Medical and Adult Use)
Regulatory Agencies
- Banks: 13
- Credit Unions: 20
Alaska’s cannabis industry has a residency requirement for business owners proving residency in the state for 1 full calendar year. This is to meet the obligation of Alaska’s Permanent Fund Dividend, which is a state dividend paid out to Alaskan residents derived from surplus revenues gained from the state’s oil and gas industries.
3 AAC 306.355. Limit on quantity sold
(a) A retail marijuana store may not sell to any one person (21 and older) per day:
- more than one ounce of usable marijuana;
- more than seven grams of marijuana concentrate for inhalation; or
- more than 5,600 milligrams of THC in combined sales of marijuana and marijuana products.
- THC amounts in edibles are 10mg per dose and 100mg per package.
- Adults may possess, grow, process and transport not more than six marijuana plants, with three or fewer being mature, flowering plants.
- Alaska allows consumption lounges where board approval of an onsite consumption endorsement is given to a licensed retail marijuana store for consumption on the marijuana retail store premises.
Prior to adult use becoming legalized, Alaskan legislature has swayed in its stance on cannabis:
- In 1986, Alaska decriminalized the possession of up to 4 ounces of marijuana (113.4 grams) in the home and up to 1 ounce (28.35 grams) outside of residences.
- In 1990, voters approved the Alaska Marijuana Criminalization Initiative, or Ballot Measure 2. This law made possession of small amounts of marijuana a misdemeanor punishable by up to 90 days in jail or a $1,000 fine.
- Current medical marijuana use limits include:
- No more than one (1) ounce of marijuana in usable form.
- No more than six (6) marijuana plants, with no more than three (3) mature and flowering plants producing usable marijuana at any one time.
- Greater than one (1) ounce quantities are allowed provided that a patient or his or her primary care-giver must prove by a preponderance of the evidence that any greater amount was medically justified to address the patient’s debilitating medical condition
- Primary caregivers must be 18 or older.
State Cannabis Regulatory Authority
Program:
https://www.commerce.alaska.gov/web/amco/MarijuanaLicenseApplication.aspx
Administrative Actions/Fines:
https://www.commerce.alaska.gov/web/amco/MCBMeetingDocuments
Contact:
Phone: Juneau: (907) 465-2330 Anchorage: (907) 269-0350 Fairbanks: (907) 451-2748
Questions can also be emailed to: marijuana.licensing@alaska.gov
marijuana@alaska.gov
State Banking Regulatory Authority
DEPARTMENT OF COMMERCE, COMMUNITY, AND ECONOMIC DEVELOPMENT https://www.commerce.alaska.gov/web/
DIVISION OF BANKING AND SECURITIES
https://www.commerce.alaska.gov/web/dbs/
News and Alerts
https://www.commerce.alaska.gov/web/dbs/newsandalerts.aspx
Money Service Businesses
https://www.commerce.alaska.gov/web/dbs/ConsumerFinance/MoneyServiceBusinesses.aspx
Inquiries: dbs.licensing@alaska.gov
Anchorage
E-Mail: dbsc@alaska.gov
550 W 7th AVE, STE 1850
Anchorage, AK 99501
Phone: (907) 269-8140
Toll-Free: (888) 925-2521
Fax: (907) 269-8146
Juneau
E-Mail: dbsc@alaska.gov
Mailing Address
P.O. Box 110807
Juneau, AK 99811-0807
Physical Address
(No US mail delivery)
333 Willoughby AVE, 9th FL
State Office Building
Juneau, AK 99801
Phone: (907) 465-2521
Toll-Free: (888) 925-2521
Fax: (907) 465-1230