Petitioners say they have collected nearly 45,000 signatures, well above the threshold of more than 30,000 signatures, KTUU-TV reported.
Organizers want to have more than 45,000 signatures before they present them to the state by Jan. 21.
If the state finds enough qualified signatures, the initiative goes before voters on the August primary ballot. State law requires signatures from at least 7 percent of voters in at least 30 House districts.
The petition includes seven pages, or a nearly complete package of legislation that regulate how the state grows, processes and sells the drugs. It also outlines the uses of the drug in Alaska.
The petition also suggests a $50-per-ounce tax at the retail level.
Mason Tvert, with the Marijuana Policy Project, said the laws presented in the Alaska petition booklets puts Alaska's tax in line with Colorado and Washington state, the only two states where voters have decided to make marijuana legal.
There's also a local option in the Alaska petition's proposed laws, meaning local communities could vote to ban the sale of marijuana.
Information from: KTUU-TV, http://www.ktuu.com
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