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Washington

Washington State has a mature cannabis market with 488 licensed retailers, regulated by the Liquor and Cannabis Board, which currently has no plans for new licensing applications. Prospective business owners can still purchase existing cannabis businesses, and consulting services are available to optimize operations and increase profits. The state's history with marijuana includes significant legislative milestones, from decriminalization in 1971 to the legalization of recreational use in 2012.

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17 views3 pages

Washington

Washington State has a mature cannabis market with 488 licensed retailers, regulated by the Liquor and Cannabis Board, which currently has no plans for new licensing applications. Prospective business owners can still purchase existing cannabis businesses, and consulting services are available to optimize operations and increase profits. The state's history with marijuana includes significant legislative milestones, from decriminalization in 1971 to the legalization of recreational use in 2012.

Uploaded by

keithg
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Download as DOCX, PDF, TXT or read online on Scribd
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THE LATEST

NEWS IN
CANNABIS
OPPORTUNITIES
IN WASHINGTON
STATE
Licensing and regulation of all marijuana production, processing, and sales in
Washington State is governed by the Liquor and Cannabis Board. There are
currently 488 licensed cannabis retailers throughout Washington State,
making it one of the most mature marijuana markets in the U.S. The Board
has no plans to open the window for new applications for medical, retailers,
growers, producers, and processors at this time. However, this doesn’t mean
there’s no hope to own a marijuana business in Washington State, as you
can still buy one that’s for sale. If someone is selling their cannabis business,
it may be because they’re ready to move on to something new, or they don’t
feel their business is lucrative enough. While an old owner may not have
achieved the level of success they were expecting, this doesn’t mean you
won’t. Many businesses fail to meet their potential due to poor leadership,
lack of guidance, and ineffective marketing. When you work with a state
cannabis consultant, you will be able to identify the gaps that could
ultimately lead to the business’s demise. Higher Yields Cannabis Consulting
will help you understand where your money will be best spent by utilizing
cannabis data analytics applications. We can help you increase daily, weekly,
monthly, quarterly, and yearly profits through production optimization,
extraction data collection, and retail data analysis. Whether you are planning
on investing or buying an existing cannabis business in Washington State, or
you are currently a marijuana business owner who wants to increase profits,
Higher Yields Cannabis Consulting will help your operation identify major
weaknesses and develop them into strengths by collecting, managing, and
analyzing important data at optimal speed.

THE HISTORY OF
MARIJUANA IN
WASHINGTON
STATE
In 1971, the Washington State legislature reduced the crime of marijuana
possession of 40 grams or less to a misdemeanor. In November 1998,
Initiative 692 was approved, permitting patients with certain debilitating
conditions to use medical marijuana. In 2007, Senate Bill 6032 directed the
Washington Department of Health to expand the list of qualifying conditions
for medical marijuana use. In 2011, Senate Bill 5073 established the
regulatory system that would license the production and distribution of
marijuana intended for medicinal use. In November 2012, Initiative 502 was
passed, legalizing the recreational use of cannabis for adults age 21 and
older. Washington State offers three main licensing tiers: marijuana
producer, processor, or retailer. In 2015, a new license was created under
Senate Bill 5121 to grow and possess marijuana for research purposes. In
2017, the passing of Senate Bill 5131 allowed authorized patients and
designated providers who are registered in the medical marijuana database
to purchase immature plants, clones, or seeds from a licensed producer.

CANNABIS
BUSINESS
GUIDANCE IN
WASHINGTON
STATE
…

MARKET
CONDITIONS IN
WASHINGTON
STATE

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