Hey man,
Your grow looks amazing man, keep up that good shit. Dude I want to move to Alaska when I get a little bit older and save up some money. To answer your question completely correctly, with "Possession in your residence or home" there is no penalty there is no penalty as long as it is less than 1 ounce. If you ever have any questions about legality of Pot related things like medical marijuana, hemp, and possession laws; then you need to go to:
http://norml.org/index.cfm?wtm_view=&Group_ID=4522 . This site has all the latest information and news about Marijuana related topics. NORML, or (National Organization for the Reformation of Marijuana Laws), is the leading and most respected organization for the decriminalization and/or legalization of Marijuana. Well I can't wait until we see some harvest pics of yours. I bet that shit is gonna be some pretty nice weed. Peace
PlumBob