Marijuana Business Magazine October 2019

October 2019 | mjbizdaily.com 41 Note: Entries sourced from Marijuana Business Daily, Hemp Industry Daily and other international, national and local news outlets. These developments occurred before this magazine’s publication deadline, so some situations may have changed. Washington state The Washington CannaBusiness Association (WACA) proposed legislation to fund a social equity program that would help remove barriers to capital for minority business owners and would eliminate a residency requirement for potential investors in the market. The Cannabis Capital Equity Act would be supported by revenue generated by a 1% fee on investments of more than $500,000 in marijuana businesses. The fee would be in place until Dec. 31, 2025. The legislation also would remove the residency requirement for investment into Washington state cannabis companies. Cannabis Business Brokers Experts in all aspects of buying and selling marijuana businesses Cannabis-Business-Brokers.com CA License #02064427 Tel Karen : 949-280-3092