Marijuana Business Magazine September 2019

Marijuana Business Magazine | September 2019 30 State News Industry Developments | International & State Alaska A Fairbanks dispensary is moving closer to becoming the first in the city where on-site consumption of cannabis is permitted. The Fairbanks City Council voted unanimously on a measure that allows consumption at The Fairbanks Cut once it gets a certificate of occupancy, which can take up to a year. In July, the Marijuana Control Board rejected the application from The Fairbanks Cut to allow on-site consumption, citing a requirement for a “freestanding building.” Arizona State Attorney General Mark Brnovich approved a trial program allowing digital payments to medical marijuana dispensaries, a move that could significantly influence the way unbanked MMJ firms in Arizona transact business in the future. Brnovich noted that Alta, an Arizona startup, will allow cash-intensive businesses to make and receive digital payments without a bank. Alta provides digital currency for licensed medical cannabis providers and vendors. © 2019 Marijuana Business Daily , a division of Anne Holland Ventures. All rights reserved. Data is current as of July 15, 2019