Alaska Approves First Marijuana Business Licenses
Alaska regulators have just approved the first batch of marijuana business licences for growing and testing facilities within the state. These businesses were put into place in preparation for the retail licences to be handed out later this year.
The first of thirty applications approved was for one of the two marijuana testing facilities that applied. The rest of the applications were for growing facilities.
Approved businesses will still need to clear a national background check, and complete local requirements prior to beginning doing business.
The amount of testing and growing facilities that will be approved is still unclear because the state is still unsure of how much product is going to need to be provided and examined.
Marijuana is still prohibited under the federal law but has been legalized in Alaska. Regardless, Alaska regulators have made a huge step in the still new, and growing, industry by handing out these approved business licenses.
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