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Alaska Permanent Fund Dividend

As longtime Alaska residents with dispensaries in Anchorage Boniface, Arctic Spur, and Homer, the Uncle Herb’s team is passionate about our Alaskan community. We’re dedicated to helping our neighbors thrive, and that means we’re always here to help with the FAQs.

One topic we always get a lot of questions about is the APFD, or the Alaska Permanent Fund Dividend. If you’re an Alaska transplant or cheechako with questions about how the PFD works, Uncle Herb’s has you covered!

Check out this helpful guide to everything you need to know about the PFD. We’ve covered the spending limits on cannabis flower, concentrates, edibles, and more, so you can use your PFD to support the local businesses and organizations you love.

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PFD Guide

Established as a constitutional amendment back in 1976, the Permanent Fund Dividend program is administered by the construction of the Alaska Permanent Fund Corporation, or APFC, whose board members manage and invest our state’s oil revenues. Longtime Alaska Governor Jay Hammond and Legislator Clem Tillon, who’s from Halibut Cove, right across Kachemak Bay in Homer, were instrumental in its creation. 

The PFD is an investment fund designed to benefit all Alaskans. Each year, the APFC board of trustees pays all eligible Alaskans a share of the profits from income-producing investments like the trans-Alaska pipeline. Payments from this dedicated fund will support Alaskans for generations to come.

To be eligible for this year’s PFD:

  • You must have lived in the state for all of 2022.
  • You must intend to remain in Alaska indefinitely.
  • You must not have claimed residency or obtained residency benefits in any other state or country since December 31, 2020.
  • You must not have left Alaska for more than 180 days unless it was for an allowable absence (Don’t worry, we’ll get to that below).
  • You must have physically been in Alaska for at least 72 consecutive hours during 2020 or 2021.
  • You must not have been sentenced or incarcerated due to a felony conviction during 2021.
  • You must not have been sentenced or incarcerated due to a misdemeanor conviction in Alaska if you have been convicted of a felony or two-plus misdemeanors since January 1, 1997.
  1. What Are Allowable Absences?
    You can find a complete guide to allowable abseances here. Official reasons you’re allowed to leave Alaska while still receiving your PFD include:
  2. receiving secondary or post-secondary education on a full-time basis
    receiving vocational, professional, or other specific education on a full-time basis for which, as determined by the Alaska Commission on Postsecondary Education, a comparable program is not reasonably available in the state.
  3. serving on active duty as a member of the armed forces of the United States or accompanying, as that individual’s spouse, minor dependent, or disabled dependent, an individual who is
    1. serving on active duty as a member of the armed forces of the United States
    2. eligible for a current year dividen
  4. serving under foreign or coastal articles of employment aboard an oceangoing vessel of the U.S. merchant marine
  5. receiving continuous medical treatment recommended by a licensed physician or convalescing as recommended by the physician who treated the illness if the treatment or convalescence is not based on a need for climatic change
  6. providing care for your parent, spouse, sibling, child, or stepchild with a critical life-threatening illness whose treatment plan as recommended by the attending physician, requires travel outside the state for treatment at a medical specialty complex
  7. providing care for your terminally ill family member
  8. settling the estate of your deceased parent, spouse, sibling, child or stepchild provided the absence does not exceed 220 cumulative days
  9. serving as a member of the United States Congress
  10. serving on the staff of a member from this state of the United States Congress
  11. serving as an employee of the state in a field office or other location
  12. accompanying a minor who is absent under reason (5) above
  13. accompanying another eligible resident who is absent for reasons (1), (2), (5)-(12) as the spouse, minor dependent, or disabled dependent of the eligible resident
  14. serving as a volunteer in the federal peace corps program
  15. training or competing as a member of the United States Olympic Team
  16. participating for educational purposes in a student fellowship sponsored by the United States Department of Education or by the United States Department of State

    Even if you’ve been out of state for an allowable absence, you need to have returned to Alaska for a minimum of 72 consecutive hours during the past two years to maintain PFD eligibility.

Think you qualify? Here’s how to get started.

Apply Online

You can easily apply online by clicking here. Although the application is now closed, it will become active again when the next filing period begins at 9AM on January 1st.

The filing period lasts from 9AM on January 1st of any given year to March 31 at 11:59:59 PM.

Once the filing period opens, it’s easy to access the materials you need. Simply click this link and fill out all the forms your particular application requires.

Once you submit your PFD application, you can monitor its status through the myPFD portal.

The PFD payout varies each year. Here’s of a breakdown of what it is now as well as what it’s been in the past:

  • 2022: $3,200 (estimated)
  • 2021: $1114.00
  • 2020: $992.00
  • 2019: $1,606.00
  • 2018: $1,600.00
  • Treat yo’ self! Indulge in an Uncle Herb’s shopping spree and enjoy some cannabis goodness. Stop by our Anchorage Boniface, Anchorage Arctic Spur, or Homer locations—and check out our deals page to get the best bang for your PFD buck.
  • Donate using the Pick Click Give program, which makes it easy to use your PFD funds to benefit our community by effortlessly donating to programs you care about statewide.
  • Stash it away. Many Alaskans consider their PFD a good source of funds for college or retirement savings accounts.
  • Support your favorite local business. Uncle Herb’s is all about shopping local, so if you’d like to spread the bounty to additional local businesses or organizations, check out our handy directory to discover some of our personal favorites.
  • Make some home improvements. The PFD is a nice opportunity to buy new furniture or high-quality tools.
  • Use it on essentials. Groceries and gas are getting more expensive, and the PFD payment can take the edge off.
  • Take a vacation! Celebrate Alaska by using your PFD to head into the wilderness for some hunting, fishing, or outdoor relaxation.

Alaska PFD FAQ

Still got questions? Here are some PFD FAQs our budtenders often encounter

Following the establishment of the North Slope pipeline, Alaska state law began to require that all residents share a percentage of the profits of a general fund invested for the benefit of future generations. Alaskans have been paid a PFD ever since.

The PFD is an investment fund designed to benefit all Alaskans. Each year, the APFC board of trustees pays all eligible Alaskans a share of the profits from income-producing investments like the trans-Alaska pipeline. Payments from this dedicated fund will support Alaskans for generations to come.

We break down the specific requirements above, but if you’re a full-time Alaska resident, you probably qualify.

PFDs will arrive a few weeks earlier than usual this year, starting on September 20th.

This year’s PFD clocks in at an estimated $3,200 and includes a $650 payment to offset higher than usual energy costs.

Unfortunately, no. State law doesn’t permit for late filings unless you qualify for one of the exceptions listed below.

If you spaced out on your PFD filing this year, you might be out of luck until the next application cycle unless one of the following applies:

  • If you missed PFD payments as a child, you can file for them once you turn 18.
  • If you were deployed overseas to a hostile fire area, you can apply for any PFD payments you missed during this period.
  • If your relative died during the January 1st and March 31st application period, you may be able to apply on their behalf.

In general, felony incarceration or conviction and spending more than 180 days out of the state for a non-allowable absence may disqualify you. Check the complete list of eligibility requirements for more information.

Your PFD can be directly deposited at any bank or financial institution that allows ACH transactions, regardless of where the institution is located or the account was established. Simply provide your routing and account numbers to set up the transaction.

To see if your dividend will be garnished, visit myPFD. In addition, a notice to debtor letter will be mailed to the address you have on file, which will contain information about who garnished your dividend and how much was garnished.

Nope! Once your PFD arrives, you decide how to spend it, so feel free to indulge in the fine Alaska cannabis your heart desires. 

The only thing to be mindful of is Alaska cannabis regulations that impose buy limits on each cannabis transaction. Feel free to purchase up to 28g of flower, 7g of concentrates, or 5,600mg of edibles with each transaction, and come back for more during a subsequent transaction. 

If you use the Key2Prepaid service, the overall daily spending limits do apply to cash withdrawals. ATM withdrawals cap out at $1,500, point of sale cashbacks are limited to $2,500, and KeyBank teller withdrawals need to be below $7,000

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