• Destiny Neade of Fairbanks reacts after receiving the first ever permit for a marijuana retail store in Alaska during a meeting of the Alaska Marijuana Control Board on Thursday, Sept. 8, 2016, in Anchorage, Alaska. Neade and her husband, Nick, hope to open their Fairbanks store, Frozen Budz, by Oct. 1, 2016. (AP Photo/Mark Thiessen)

    Destiny Neade of Fairbanks reacts after receiving the first ever permit for a marijuana retail store in Alaska during a meeting of the Alaska Marijuana Control Board on Thursday, Sept. 8, 2016, in Anchorage, Alaska. Neade and her husband, Nick, hope ... to open their Fairbanks store, Frozen Budz, by Oct. 1, 2016. (AP Photo/Mark Thiessen) (The Associated Press)

  • Destiny Neade of Fairbanks appears before the Alaska Marijuana Control Board on Thursday, Sept. 8, 2016, in Anchorage, Alaska. Neade and her husband, Nick, received the first ever permit for a marijuana retail shop in Alaska for their Fairbanks store Frozen Budz from the five-man board, including, seated from left, Nicholas Miller of Anchorage, Mark Springer of Bethel, Brandon Emmett of Fairbanks, Loren Jones of Juneau and Peter Mlynarik of Soldotna.  (AP Photo/Mark Thiessen)

    Destiny Neade of Fairbanks appears before the Alaska Marijuana Control Board on Thursday, Sept. 8, 2016, in Anchorage, Alaska. Neade and her husband, Nick, received the first ever permit for a marijuana retail shop in Alaska for their Fairbanks store ... Frozen Budz from the five-man board, including, seated from left, Nicholas Miller of Anchorage, Mark Springer of Bethel, Brandon Emmett of Fairbanks, Loren Jones of Juneau and Peter Mlynarik of Soldotna. (AP Photo/Mark Thiessen) (The Associated Press)

  • Destiny Neade of Fairbanks appears before the Alaska Marijuana Control Board on Thursday, Sept. 8, 2016, in Anchorage, Alaska. Neade and her husband, Nick, received the first ever permit for a marijuana retail store in Alaska during the board meeting.  (AP Photo/Mark Thiessen)

    Destiny Neade of Fairbanks appears before the Alaska Marijuana Control Board on Thursday, Sept. 8, 2016, in Anchorage, Alaska. Neade and her husband, Nick, received the first ever permit for a marijuana retail store in Alaska during the board meeting.... (AP Photo/Mark Thiessen) (The Associated Press)

Alaska pot regulators OK first retail license

Markets Associated Press

Alaska marijuana regulators have approved the first permit for a pot retail store.

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The Alaska Marijuana Control Board on Thursday approved the permit for Frozen Budz, which will be located in Fairbanks.

Co-owner Destiny Neade received a round of applause from the audience and clapped herself. As she walked back to her seat, she told the audience, "Now all I need is some herb."

Neade says she's excited to have the permit in hand because she can now start making money off marijuana.

She says she has lost count of how much money she and her husband, Nick, have pumped into the business after they reached the $150,000 mark.

If she can find enough marijuana from licensed growers, she hopes to be open around Oct. 1.

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The control board was also to consider 16 other retail license locations during its meeting in Anchorage.

Colorado and Washington became the first states to allow recreational sales in 2012, followed two years later by Alaska and Oregon.