Anchorage Assembly set to approve transfer of three marijuana licenses to sole ownership at one address

One buyer would take sole ownership of retail, manufacturing, and cultivation marijuana operations at 5200 A Street in Anchorage, pending Assembly and state approval. The Anchorage Assembly is scheduled to vote Monday, July 21, to meet a state protest deadline.

The vote would transfer three licenses to Yotam Levi, who would hold 100% ownership through three new LLCs: Shefa LLC doing business as AK Frost for the retail license at Suite 102, Yotzer LLC doing business as AK Rime for the manufacturing license at Suite 101, and Nes LLC doing business as Nes for the cultivation license at Suite 100. The retail and manufacturing licenses currently belong to a seven-person ownership group led by Kyle Denton at 50%. The cultivation license is currently held by Isidore, LLC doing business as Isidore, with the same ownership structure.

July 21 is the last regular Assembly session before the July 28 deadline to file a protest with the Alaska Alcohol and Marijuana Control Office. That deadline applies to the retail and manufacturing transfers, for which the Municipal Clerk received state applications on May 29. Under Anchorage's marijuana licensing system, the Assembly's role is to raise any objection before AMCO acts. Assembly approval takes effect only if the state also approves the transfer. The Municipal Clerk confirmed the applicants owe no taxes or fees to the municipality and that required departmental certifications have been received.