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WA Recreational Cannabis Deadline Approaching

Those hopeful of growing, processing and selling recreational marijuana in Washington state have until Dec. 19 to turn in their application | Cannabis Now Magazine

Economics

WA Recreational Cannabis Deadline Approaching

Those hopeful of growing, processing and selling recreational marijuana in Washington state have until Dec. 19 to turn in their applications. According to the Washington State Liquor Control Board, the entity appointed with the implementation of Intiative 502, 1,329 applications for licenses to produce, process and sell marijuana have been received since the application window opened on Nov. 18.

The data, which was updated on Tuesday and will be released each Tuesday until the application process is closed, includes 636 producer applicants, 462 processor applicants and 231 retail applicants.

The state will award 334 retail licensees through a lottery system. In order to qualify to enter the retail lottery applicants must be over 21, meet residency requirements, verify their proposed location is appropriately distanced from restricted locations, such as schools, pass criminal background checks and trace transparency in all finances back to their source. This last requirement could prove problematic as banks are strongly discouraged by federal law against financing marijuana-related businesses.

Update: The deadline for applications has been extended to Dec. 20.

2 Comments

2 Comments

  1. Shannon Shin

    March 10, 2014 at 11:03 pm

    How do I enter?

  2. goran keckes

    December 6, 2013 at 7:01 pm

    just awesome

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