300+ Applications for WA Cannabis Licenses
Hundreds of entrepreneurs threw their hats into the Washington State recreational marijuana ring on Monday, submitting paperwork to open retail stores, cultivation sites and infused-products companies.
The state Department of Revenue said it received 299 online applications as of 2 p.m. Monday, the first day of the process. A handful of additional applications were submitted in person.
A spokeswoman told MMJ Business Daily this morning that the agency does not have an updated tally.
With a relatively low barrier to apply – a fee of just $250, vs. thousands of dollars in Colorado – it’s unclear how many of the applicants have a realistic shot at winning a business license.
Roughly half of the applicants (151) in Washington are seeking licenses that allow both cultivation and the processing of cannabis into infused products and edibles. About a third (70) are seeking permits to open retail adult-use marijuana stores. The state received another 16 applications for producer licenses and 62 for processor permits.
The interest level in Washington’s recreational cannabis program is similar to that seen in Colorado, which also legalized cannabis for adult-use and recently began the application process for business licenses. Colorado received more than 100 applications for retail stores on the first day of the application process.
In Washington, entrepreneurs now have a 30-day window to submit their applications for business licenses to the Department of Revenue, with the deadline set for Dec. 19.
The state Liquor Control Board will review all applications and start making decisions in the coming months. The first retail stores could open in late spring or early summer.
In an unusual legal settlement, a Colorado company has issued a video statement about its [click to continue...]
Washington State’s MMJ program will officially be rolled into its recreational market after Gov. Jay [click to continue...]
The two companies selected to grow and dispense medical cannabis in Minnesota have raised a [click to continue...]
Medical marijuana businesses in Vancouver, British Columbia, may soon be in the city’s crosshairs. The [click to continue...]
An increasing number of states are requiring cannabis companies to track every plant from seed [click to continue...]
The agency in charge of overseeing Oregon’s recreational marijuana industry is planning to add a [click to continue...]
Cannabis business owners harassed by federal prosecutors despite operating legally in their respective states would [click to continue...]
An attempt to legalize medical marijuana in Florida this year via the state Legislature is [click to continue...]
An Ohio organization pushing for medical marijuana legalization in the state says a stronger, more [click to continue...]
A dispensary run by the president of the California Cannabis Industry Association has come under [click to continue...]
Oregon officials in charge of regulating the state’s up-and-coming recreational marijuana industry expect roughly 2,000 [click to continue...]
One of the first commercial cannabis testing labs in the United States is seeking $5 [click to continue...]
The head of the Drug Enforcement Agency will resign next month, prompting cheers from cannabis [click to continue...]
The owners of a planned Las Vegas dispensary held a ceremonial groundbreaking on Monday despite [click to continue...]