Alaska pot regulators OK first retail license

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

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.

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.