Alaska Marijuana Entrepreneurs

Alaska Marijuana Entrepreneurs Play the Regulatory Waiting Game

There is a long list of businesses in Alaska applying for bud licenses in 2018. And for some of these companies, the procedure can’t move.

According to a May 8 spreadsheet of Alaska marijuana applications, there were about 470 businesses listed as new, pioneered, assigned, incomplete and under review. Marijuana Business Daily reported that a backlog in the previous year for the state.

“The backlog has affected other businesses and friends of ours who want to get their businesses licensed and operating,” stated Shaun Tacke, CFO of Great Titrations at Fairbanks and treasurer for the Alaska Marijuana Industry Association, which formed in 2015. “Many small business owners might fail because they’re having to pay rent on a place and can’t operate it until their permit is approved or rejected. My business hasn’t been negatively affected as of yet, but it’s not to say that it can’t occur as we have strategies to possibly add licenses in the future. ”

Mark Springer, chair of the Alaska Marijuana Control Board, which approves license applications for the farming, production, testing, and retail sales of cannabis and marijuana products, stated he understands the frustration of some business owners complaining that the procedure is too slow.

“For someone who’s making this investment, I can understand how it can get very emotional, very stressful,” he said.

At exactly the exact same time, he said the board, which also enforces the Alaska bud statute and writes the regulations, is working with a tiny staff which has a responsibility to meet its due diligence.

“We’re trying to get it done as fast as possible and making certain that applicants are doing things correctly. … Our purpose as the board is to protect the public health. ”

He added that permit applications range widely on how long they take to process. He said the board obtained through 20 licenses. The board can approve a permit in 5 minutes if it&rsquo.

“Or we can take a few hours if it’s, say, a manufacturing application that has 90 goods on it,” he said.

The procedure involves businesses applying for a permit through the Alcohol and Marijuana Control Office (AMCO), then it gets forwarded to the board for consideration.

“I understand people wish that the procedure would go a little faster,” said Springer. “It can’t actually move. ”

The board meets every two weeks, and members held a special meeting in early May 2018 to operate on the backlogged applications. Springer said that in a few days, they can cover a lot of ground.

“The AMCO office employees and the … board are working as hard as they can to get permits through the process,” he said. “Nobody’s dragging their feet. ”

Released at Fri, 25 May 2018 16:00:47 +0000

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