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.
Privateer Holdings, one of the largest private equity firms in the cannabis industry, is reportedly [click to read more...]
Online dispensary directory WeedMaps recently purchased electronic billboard space in New York City’s Times Square, [click to read more...]
Wisconsin has become the latest state to legalize cannabidiol extracts, joining Utah and Kentucky in [click to read more...]
A marijuana working group in Rhode Island is lobbying for greater oversight of the state’s [click to read more...]
Prospective medical marijuana business owners in unincorporated areas of Nevada’s largest county are making a [click to read more...]
A medical marijuana dispensary looking to set up shop in Boston can’t seem to win [click to read more...]
Colorado regulators recently moved to shut down four dispensaries that were targeted during a high-profile [click to read more...]
The nation’s top law enforcement official said he is encouraged by Colorado and Washington State’s [click to read more...]
More than 70 municipalities in Oregon have implemented moratoriums on medical cannabis dispensaries, limiting businesses [click to read more...]
Legal and illegal marijuana cultivators in Northern California could be draining valuable water from the [click to read more...]
Kentucky has joined Utah on the short list of U.S. states to legalize cannabidiol (CBD) [click to read more...]
Maryland lawmakers have revamped the state’s medical marijuana program by establishing a framework of rules [click to read more...]
The owner of one of Colorado’s largest recreational marijuana stores projects his 2014 revenues will [click to read more...]
The U.S. Securities and Exchange Commission has temporarily halted stock trading for GrowLife Inc. (PHOT), [click to read more...]