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Alaska Considers Ban On Third Party In-State Marijuana Investors

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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

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Alaska
United States

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

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