Alasaka: Local Attorney Jana Weltzin Outlines How Federal Legislation Could Negatively Impact Booming Sector

Alasaka: Local Attorney Jana Weltzin Outlines How Federal Legislation Could Negatively Impact Booming Sector
CANNANNEW REPORT

Alaska News Source Alaska’s marijuana industry is thriving more than seven years after legalization. But, according to industry experts, federally legalized marijuana could put local growers, manufacturers and pot shops out of business. This week Alaska’s News Source looks at the impact of the marijuana industry in Alaska since legalization, and reports on who benefits from the taxes, the threats from Outside, the growing concerns about the number of retail shops and the fairness of prison time and convictions from legal versus illegal pot. “There’s challenges. There’s things that we need to prepare for and there’s some foundational issues I think we’ve got to fix now,” said Jana Weltzin, an attorney in Anchorage who specializes in marijuana. Weltzin says local mom and pop shops are at risk should large, corporate marijuana businesses from the Lower 48 be allowed to open in Alaska under federally legalized marijuana. “Unless we do something now to protect licenses, give them a value and protect our state’s industry, you’re going to probably see at least 60% of them gone,” Weltzin said. “Because you have to think about, if we don’t do that, then we just let the competitors just waltz in here, like we’ve done with any other industry. It’s going to demolish small business.” Currently, there are no limits on licenses that can be granted by the state and a requirement to be locally owned would no longer come into play should pot be legalized across the country. “If we don’t do something, and the residency restriction goes away — we have an unlimited licensing system — what is to stop these huge Canadian IPO companies from coming in, setting up shop right next to your local marijuana pot shop, and undercutting them for 10 years, operating at a loss because they can and…

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Source : Alasaka: Local Attorney Jana Weltzin Outlines How Federal Legislation Could Negatively Impact Booming Sector

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