You are here

Home 🌿 Medical Cannabis News 🌿 Alaska Considers Ban On Third Party In-State Marijuana Investors 🌿

Alaska Considers Ban On Third Party In-State Marijuana Investors

Submitted by Marijuana News on Tue, 04/21/2015 - 08:00

NEW YORK (MainStreet) — In a move that has been sharply criticized by legalization advocates and the business community alike, Alaska legislators are currently considering banning third party investors, and start-ups who rely on them for funding, from the newly legit recreational state pot business. In-state license applicants under this plan would have to be completely self-funded.

For all the grumbling about undue political influence, if not carpetbaggers in the state level advocacy community of late, this proposal swiftly garnered harsh criticism from a different quarter - the marijuana business community.

According to Troy Dayton, CEO of ArcView Group, a marijuana investor network that connects investors with startup-activity and entrepreneurial ganja juice across the country, Alaska's current effort is short-sighted. 

"This is an effort by moneyed interests in the state to keep entrepreneurs of lesser means from raising the capital they need to compete," he said. "There is no

...
Rate this article: 
Region: 
Alaska
United States

This marijuana news is brought to you by 420 Intel. For the latest breaking cannabis industry news, subscribe to the 420 Intel newsletter. If you'd like to promote your product or service in this area after every article, contact us.


URL: 
https://www.mainstreet.com/article/alaska-considers-ban-on-third-party-in-state-marijuana-investors

420 Intel is Your Source for Marijuana News

420 Intel Canada is your leading news source for the Canadian cannabis industry. Get the latest updates on Canadian cannabis stocks and developments on how Canada continues to be a major player in the worldwide recreational and medical cannabis industry.

420 Intel Canada is the Canadian Industry news outlet that will keep you updated on how these Canadian developments in recreational and medical marijuana will impact the country and the world. Our commitment is to bring you the most important cannabis news stories from across Canada every day of the week.

Marijuana industry news is a constant endeavor with new developments each day. For marijuana news across the True North, 420 Intel Canada promises to bring you quality, Canadian, cannabis industry news.

You can get 420 Intel news delivered directly to your inbox by signing up for our daily marijuana news, ensuring you’re always kept up to date on the ever-changing cannabis industry. To stay even better informed about marijuana legalization news follow us on Twitter, Facebook and LinkedIn.