State Seeks ‘Creative Ideas’ To Handle Cash From Alaska Pot Businesses

Since marijuana remains illegal federally, Alaska’s financial institutions so far aren't opening their doors to commercial businesses. That means, like other states that have legalized recreational marijuana, businesses will be dealing in cash. Potentially a lot of cash.

ALASKA: Struggling with the prospect of handling millions of dollars in cash from commercial marijuana businesses, Alaska’s Department of Revenue is holding three brainstorming sessions to get ideas for how to handle the influx of taxes in an industry shut off from basic banking practices.  “It’s an uncharted territory. … We don’t have any precedent to Read the full article…

Alaska Marijuana Bills Put On Hold For Rewrite

Rep. Gabrielle LeDoux, R-Anchorage, said the bills, versions of which were introduced in both the House and Senate, are being rewritten. The bills were intended to legalize 1 ounce or less of marijuana for adults 21 and older.

ALASKA:  Bills that would decriminalize small amounts of marijuana have been put on hold while lawmakers wait for a new draft that better reflects the intent of voters. During a joint session of the House and Senate Judiciary committees Wednesday, Rep. Gabrielle LeDoux, R-Anchorage, said the bills, versions of which were introduced in both the Read the full article…

Alaska Legalized Weed 39 Years Ago. Wait, What?

Alaskans can currently lawfully possess up to four ounces of marijuana in their homes for personal use [and cultivate up to 25 plants], but still risk prosecution under existing state and federal statutes.

ALASKA:  Yes, you read that headline right. In 1975, the Alaska Supreme Court ruled in Ravin v. State that the right to possess, cultivate and consume small amounts of marijuana in the home was protected under the state Constitution’s right to privacy. As you might imagine, that ruling has faced some opposition over the years, and has been Read the full article…

Missed Deadline Pushes Alaska Marijuana Initiatives To General Election

The switch would happen because of a constitutional rule requiring a 120-day waiting period after a legislative session before an initiative can be put to a vote. It would affect ballot questions to slow down the proposed Pebble Mine, to regulate marijuana like alcohol, and to hike the minimum wage.

ALASKA:  Because the Legislature did not meet its midnight deadline, three citizen’s initiatives are expected to be moved from the August primary to the November general election. The switch would happen because of a constitutional rule requiring a 120-day waiting period after a legislative session before an initiative can be put to a vote. It Read the full article…