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Home 🌿 Marijuana Business News 🌿 Alaska: Marijuana Legal, But Finances Remain In Black Market 🌿Alaska: Marijuana Legal, But Finances Remain In Black Market
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“It’s exactly what we’d feared,” said Daley.
Marijuana possession might be legal in Alaska, but state marijuana commerce will stay as black a market as bootlegged rum during Prohibition until banks find ways to operate under restrictive financial laws stemming from the Controlled Substances Act.
Alaska’s post-legalization issues mirror those of other states where medical or recreational marijuana are legal, such as Colorado and Washington, where the marijuana business has been booming in a cash-only sense as banks stay away from marijuana-related deposits.
Though legal to possess and consume in the state of Alaska as...
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