One owner would take all three marijuana licenses at 5200 A Street, with Anchorage raising no objection

Yotam Levi would take full control of a marijuana cultivation facility, a product manufacturing facility and a retail store operating out of the same Midtown Anchorage building, under transfer applications the Alaska Marijuana Control Board is scheduled to take up Sept. 2 and 3.

The Alcohol and Marijuana Control Office notified the Municipality of Anchorage on July 30 that it had received complete applications for all three licenses at 5200 A St.: the cultivation facility in Suite 100, license No. 10248 (Isidore, LLC, transferring to Nes LLC), the product manufacturing facility in Suite 101, license No. 10865 (AK Rime, transferring to Yotzer LLC) and the retail store in Suite 102, license No. 10866 (AK Frost, LLC, transferring to Shefa Rav LLC). Each license moves from an ownership group led by Kyle Denton, who holds 50%, to Levi at 100%. The cultivation filing also certifies that the operating plan and premises diagram are not changing, meaning the transfer affects ownership only. Six other owners are exiting, with stakes ranging from 13.16% down to 2.63%. The storefront names stay: Anchorage's resolutions describe the new entities as Shefa, LLC doing business as AK Frost, Yotzer, LLC as AK Rime, and Nes, LLC as Nes.

Levi already discloses financial interests in two other Alaska marijuana licenses, retail licenses No. 10236 and No. 10254.

These are the second set of applications, and the reason for that is the security interest. The Anchorage Assembly approved the municipal transfers and waived protest on the state licenses on July 21, in resolution AR 2026-195. The next day, according to a follow-up resolution now before the Assembly, the Municipal Clerk's Office was notified by the control office "that the transfer of ownership was incorrect and a corrected transfer with security interest was required." The corrected filings produced the July 30 notices.

Each transfer carries a security interest. The filings note that the transferor retains that interest in the license and may, as a result, be able to obtain a re-transfer of the license without satisfying other creditors. State regulation requires the transferred personal property to be worth enough for the board to find that the license itself is not serving as collateral. The filings value the cultivation facility's equipment at $100,000 and its inventory at $150,000. The retail store's equipment is valued at $20,000, its inventory at $40,000. No comparable figures for the product manufacturing facility appear in the notices.

The municipality is not standing in the way. AR 2026-195 passed unanimously on July 21 as part of the consent agenda, one of the items not pulled for separate discussion, on a 12-0 vote. A second resolution, AR 2026-234, sits on the Assembly's consent agenda for Tuesday, Aug. 18, affirming the same waiver for the corrected applications. It notes that municipal code 10.80 "does not require a differentiation of transfers with or without security interest" and that all other information is identical to what the Assembly already approved. Both resolutions list the Taku/Campbell Community Council as the affected council.

AMCO Director Kevin Richard signed the July 30 notices. Local governments have 60 days from that date to file a written protest with the director and the applicant, a window that runs to late September, after the board is scheduled to act. Anyone else may object in writing within 30 days of an application being deemed complete, addressed to the applicant and to AMCO at 550 W. Seventh Ave., Suite 1600, Anchorage. That right comes from state regulation 3 AAC 306.065, and the control office publishes a specific closing date for each application on its list of completed applications, so the deadline is a date to look up rather than one to calculate. The office says applications deemed complete are considered by the board at its next scheduled meeting.