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Medical and Recreational

Overview of Medical Cannabis in Alaska

Measure 8 was passed as a ballot initiative in 1998. Patients must have written recommendation from their doctor.

Possession Limit

1 oz

Overview of Recreational Cannabis in Alaska

Measure 2 was passed as a ballot initiative in 2014. Home cultivation is allowed.

Possession Limit

1 oz flower, 7 grams concentrates, or 5,600 milligrams of THC.

Hemp Status


Overview of Hemp in Alaska

Hemp was federally legalized in the 2018 Farm Bill, signed December 20, 2018.

Cannabis Inventory and IFRS Biological Assets – Inventory Records

As cannabis companies continue to move to the public markets in Canada, high quality inventory records become much more important. Not only is there greater disclosure and scrutiny of financial information, but International Accounting Standard 41: Agriculture (IAS 41) requires additional computations on biological assets (plants and all inventory derived from those plants) to bring […]