The public has kept a watchful eye on the marijuana crime bill circulating in Alaska’s Legislature, but regulators and industry supporters say another piece of legislation in the works is far more important to the creation of a regulated marijuana industry.
Currently in the House Judiciary Committee, House Bill 123 would create a Marijuana Control Board tasked with crafting regulations and ensuring that marijuana businesses work within those laws.
The bill also contains an essential aspect of regulating the burgeoning industry: money.
Tucked inside the bill is a fiscal note to the tune of $1.57 million. The funding would allow for the expansion of the Alcoholic Beverage Control Board’s staff and resources, as the Marijuana Control Board would share the ABC Board’s staff and director. [Read more at the Alaska Dispatch News]