Over 1,300 Applications Submitted So Far For Cannabis Businesses In Washington
By Paul Armentano, Deputy Director, NORML
Washington state regulators are presently reviewing over 1,300 applications from would-be entrepreneurs seeking to engage in the
state-licensed production and/or sale of cannabis and cannabis-infused products to those age 21 and over. Regulators began accepting applications for licenses in mid-November and will continue accepting applications until December 19.
According to a review of applications by the Seattle Post-Intelligencer newspaper, 635 applications have been submitted by those seeking commercial growing licenses and 461 applications have been submitted by those seeking to produce cannabis-infused products. Two-hundred and thirty applicants are seeking licenses to operate retail cannabis outlets.
Regulators may license the operation of up to 334 marijuana retail stores. There is no limit on the number of commercial cannabis growers or producers that may be licensed. Licensed facilities are anticipated to begin operating in Washington early-to-mid 2014.
In Colorado, regulators began accepting similar applications for commercial cannabis licenses in October. Regulators accepted 136 applications that month from applicants seeking to operate retail marijuana stores — the first of which was approved in late November. Licensed cannabis operations are anticipated to be operational in Colorado on January 1, 2014.
Ray
I work for an international incorporation business, we handle entity registration in every state, and we handle all types of specialty and state/federal licensing. If anyone would need consultations or advise on start up strategy / tax benefits, feel free to let me know.