November 18, 2013

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.


5 Comments:

  1. …one can visualize and appreciate the number increasing when more states take the route of legal recreational marijuana.

    Even with medical marijuana and industrial hemp, should the 50 states finally enter the 21st century, there will be an abundance of living-wage jobs and entrepreneurial opportunities for the health of the country, both medically and financially…

  2. I don’t understand how it’s possible that a legalization measure that passed comfortably in 2013 will result in stores opening, at the earliest, in the middle of 2015. And considering that reporting after the election claimed stores would be open by the end of 2014, does anyone really even believe in the new date? My guess is the government will do their level best to prevent stores from opening until 2016, if then.

  3. Where did the information for the stats come from and are the applications open to public inquiry?

    Cannadvertising

  4. The information came from Washington State officials themselves. The Liquor Control Board will reportedly reveal more info about the applicants – online – starting next week.

  5. Thanks Chris. Are you the author of the story?

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