Over $1.2 Million in Recreational Cannabis Sold Each Day in Washington State

marijuanamoneyThere’s over $1 million in recreational cannabis sold each day in Washington State among the 142 outlets that are reporting sales figures, according to the Liquor Control Board (LCB).

According to the LCB (which will be renamed the Liquor and Cannabis Board on July 24th), there are 161 licensed recreational cannabis outlets throughout Washington State, with 142 reporting sales. On average, there is $1,243,926 in recreational cannabis sold each day, which results in roughly $311,000 in daily tax revenue. In total, there has been $205,917,611 in cannabis sold since legal sales began July 1st of 2014. This has resulted in $51,479,403 in taxes for the state.

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WA Liquor Control Board Confused About New Medical Cannabis Law

walcbAs part of the recent passage of Senate Bill 5052 in Washington State, those under 21 are no longer allowed to participate in collective gardens, or even so much as enter a dispensary. The law establishes a misdemeanor penalty for those under 21 who do participate in collectives. However, the state’s Liquor Control Board (LCB), the entity tasked with overseeing the state’s cannabis laws, appears to be completely confused on the subject, and is giving bad advice to medical cannabis establishments.

We received a tip from several collectives in Washington that the LCB has told them that they can continue to serve those ages 18 to 21.

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Average Price of Legal Cannabis Drops by Over Half in Washington State

Source: Washington State Liquor Control Board.
Source: Washington State Liquor Control Board (click to enlarge).

The price of legal recreational cannabis has dropped significantly in recent months in Washington, according to new data released by the state’s Liquor Control Board.

According to the Board, the average price of recreational cannabis throughout the state is $12 a gram. When sales began in July, average prices were near $30 a gram.

Read moreAverage Price of Legal Cannabis Drops by Over Half in Washington State

WA Bill to End Dispensaries, Reduce Patients’ Rights, Scheduled for Public Hearing

A bill medcannabisto shut down every medical cannabis dispensaries in Washington State, and to significantly reduce patients’ rights, has been scheduled for a public hearing on March 5th in the House Health Care and Wellness Committee. The measure has already been approved by the state’s Senate.

Senate Bill 5052 would shut down every dispensary in the state, would establish a mandatory patient registry and would reduce the amount of cannabis a patient can possess (from 24 ounces to 3) and cultivate (from 15 plants to 6).

Read moreWA Bill to End Dispensaries, Reduce Patients’ Rights, Scheduled for Public Hearing

Seattle’s Second Recreational Cannabis Retail Outlet Plans to Open Tuesday

Uncle Ike’s will become Seattle’s second recreational cannabis retail outlet on Tuesday when ituncle opens at 2310 East Union Street. According to owner Ian Eisenberg, he received a license to open the shop from the state’s Liquor Control Board earlier this week, and says they should be ready to sell cannabis to anyone 21 and older come Tuesday.

Uncle Ike’s will be open Tuesdays through Sundays from noon to 7PM, and will be closed on Mondays. Some of the strains they plan to carry on opening day includes Lemon Kush, Snoop’s Dream and Pineberry.

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Washington State Liquor Control Board Issues Official Recommendations for Medical Cannabis Regulations

Today the Washington State Liquor Control Board (WSLCB) released its official recommendations on regulating medical cannabis in the state. walcb

Tasked with regulating the upcoming recreational cannabis market brought forth by passage of Initiative 502 last year, the WSLCB was directed through a provision in the state’s budget to work with the state’s Department of Revenue and Department of Health to draft recommendations to the state legislature on how to regulate the state’s medical cannabis market now that recreational cannabis is legal. Now, the final recommendations have been sent forth to the legislature for consideration.

Read moreWashington State Liquor Control Board Issues Official Recommendations for Medical Cannabis Regulations

Seattle City Attorney Calls for More Recreational Cannabis Stores Than the Current Limit Allows

Thanks to the passage of Initiative 502 last November, recreational cannabis retail outlets will be opening throughout Washington State beginning next yearseattle. However, due to limitations set forth by the state’s Liquor Control Board – which is tasked with regulating the new market – 334 retail outlets will be allowed to open, with only 21 of those planned for the state’s largest city, Seattle. Now, Seattle City Attorney Pete Holmes is calling for a large increase in this limit.

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Over 800 Applications Received in Washington State for Recreational Cannabis Business Licenses

In less than a week since the application process opened for recreational cannabis business licenses in Washington, the state has received over 800cannabisjointandbud applications from those wishing to grow, sell or process cannabis.

According to Rick Garza, Director of the state’s Liquor Control Board – the entity tasked with handling recreational cannabis licenses – roughly 200 of the applicants are for retail outlets; the state will allow 334 throughout the state.

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Washington To Begin Accepting Applications In November From Marijuana Retailers

By Paul Armentano, Deputy Director, NORML

Washington state regulators today finalized rules to govern the state’s nascent marijuana retailjar market. Beginning on November 18, regulators will begin formally accepting applications from those seeking state licenses to commercially produce, process, and sell cannabis to those age 21 and over. A press release regarding the state’s forthcoming rules and the application process is available here.

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Over 300 Recreational Cannabis Stores to Open in Washington Under Proposed Regulations

Washington State’s Liquor Control Board, the entity tasked with regulating the newly-legal recreational cannabis industry, has released its latest draft regulationsLiquor-board-logo-with-marijuana-leaf-300x300, which includes the number of retail outlets which will be allowed in each county. Under the proposed rules – which will be finalized by October 16th – a maximum of 334 retail outlets will become licensed by the state to legally distribute cannabis to adults; 61 can be located in King County, the state’s biggest county, with 21 being allowed in Seattle.

Read moreOver 300 Recreational Cannabis Stores to Open in Washington Under Proposed Regulations