State’s First-Ever Cannabis Retail Outlet OKed in Alaska

By Associated Press

alaskaAlaska marijuana regulators have approved the first permit for a cannabis retail store.

The Alaska Marijuana Control Board on Thursday approved the permit for Frozen Budz, which will be located in Fairbanks.

Co-owner Destiny Neade received a round of applause from the audience and clapped herself. As she walked back to her seat, she told the audience, “Now all I need is some herb.”

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Washington State’s Initial Batch of Recreational Cannabis Retail Outlets Announced

The Washington State Liquor Control Board issued the first two dozen licenses this morningwa2 for recreational cannabis retail outlets, which will be authorized to open their doors to anyone 21 and older beginning tomorrow, after a 24-hour moratorium on sales ends.

Here’s a list of the initial approved locations (more are expected to be announced in the coming days and weeks):

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Feds to Soon Release Memo Giving OK to Cannabis Banking

Cannabis businesses wanting the ability to bank legitimately are likely to get at least a “yellow light” allowing them to do so as soon as the new year, says Jack Finlaw, Chief Legal Counsel for Colorado Governor John Hickenlooper. cannabismoney

“What we’re being told,” says Finlaw, “is probably in the first quarter of 2014 there will be some guidance issued that’s comparable to the Cole memo from the Department of Justice that will give, maybe not a green light, but a yellow light to banks to allow them to do business [with cannabis businesses] — to take deposits, to set up checking accounts, to set up small business loans, to allow these businesses to accept purchases through debit cards or credit cards, to allow what normal businesses are allowed to do.”

Read moreFeds to Soon Release Memo Giving OK to Cannabis Banking