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.
Is the legalization of recreational marijuana in Colorado making the state less attractive to businesses [click to continue...]
With Monday looming as the deadline in Illinois for medical marijuana business applications, a number [click to continue...]
A subsidiary company of Warren Buffet’s Berkshire Hathaway conglomerate is is reportedly exploring the waters [click to continue...]
A ballot measure to legalize possession of marijuana in Wasington D.C. got a boost on [click to continue...]
Washington State is warning dozens of applicants for recreational marijuana business licenses that their chance [click to continue...]
A Colorado marijuana edibles company is under increasing heat as a lawsuit filed against its [click to continue...]
The Marijuana Policy Project (MPP) is using a now-infamous first person account of excessive cannabis [click to continue...]
Mjardin Management isn’t exactly an original idea, given that it’s a consulting and management company [click to continue...]
If Republican Bruce Rauner had his way, Illinois’s 60 medical marijuana dispensary permits and 21 [click to continue...]
Although recreational marijuana proponents often argue that legalizing and taxing cannabis will help undercut illegal [click to continue...]
An attempt to ease the lack of banking services for Colorado’s cannabis industry may prove [click to continue...]
Should states rely on chance to decide who gets to produce medical cannabis? A Florida [click to continue...]
A Democratic state senator in New York is planning to introduce a bill next year [click to continue...]
Illinois is keeping information about applicants for medical marijuana business permits completely confidential, ostensibly to [click to continue...]