Business License Endorsement Required for E-Cig Sales
Effective January 1, 2019, a business license endorsement is required for each location where electronic smoking products or nicotine products are sold. SB 15, passed by the Alaska State Legislature in 2018, expands the endorsement currently required to sell tobacco products. Vending machine owners must also obtain the endorsement.
The endorsement extends to any retailer selling over-the-counter smoking cessation products, including pharmacies, and includes marijuana retailers selling electronic smoking products.
SB15 criminalizes selling or giving to a minor under the age of 19 “electronic smoking products or products containing nicotine” without a prescription and increases civil penalties for sales to minors.
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Distinguishing Differences in Financial Institutions
There are thousands of financial institutions in Alaska, providing everything from checking and savings accounts to loans and investment solutions. Banks and credit unions are among the most prominent financial services companies serving Alaskans.