Washington Archives - Cannabis Business Executive - Cannabis and Marijuana industry news

Washington Social Equity In Cannabis Licensing Window Opens March 1

By Jack Scranton, Attorney at Harris Bricken The Washington State Liquor and Cannabis Board (“WSLCB”) announced this Wednesday, January 18, that the 30 day window to apply for a Washington Social Equity In Cannabis Retail License will open March 1, 2023.…

Armed robberies at WA pot shops hit decade high

December 26, 2022
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Washington
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A decade into Washington’s legalization of marijuana, the cash-only industry has skyrocketed, leading licensed businesses to grapple with vast stores of cash on-site that render them soft targets for violent crime. Cannabis retail stores in Washington reported at least 100…

WA pot sales decline for first time in the decade since legalization

December 19, 2022
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This December marks a decade since Washington state became one of the first two states in the U.S. to legalize marijuana. A look back at the cannabis industry’s growth in the Evergreen State shows the fledgling market has yet to mature,…

Crashed Crypto FTX Invested Millions in Cannabis-Courting Moonstone Bank

November 28, 2022
Tom Hymes
Banking, Finance & Real Estate, News & Insights, Washington
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UPDATED A November 23 article by New York Times reporter Stephen Gandel raised questions about an investment by bankrupt crypto exchange FTX into Farmington State Bank, a tiny financial institution in rural Washington state that has been serving the local…

Washington Cannabis: Beware “Pay to Play” Arrangements

By Jack Scrantom The Washington State Liquor and Cannabis Board (“WSLCB”) published an industry update on October 25 detailing a recent increase in complaints by cannabis producers and processors of “pay to play” terms. Apparently, some cannabis producers and processors have been…

Washington’s Draft Cannabis Social Equity Licensing Rule

September 14, 2022
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By Jack Scrantom, Attorney at Harris Bricken Proposed social equity rule Following Washington’s creation of the Social Equity in Cannabis Task Force during the 2020 legislative session, the Washington State Liquor and Cannabis Board (“LCB”) approved draft social equity licensing…

State considers social equity licenses for people impacted by ‘war on drugs’ to get cannabis shop licenses

SEATTLE - The Washington State Liquor Cannabis Board is considering a point system that would give people convicted of a drug-related crime and did prison time - preferential treatment when applying for retail cannabis license. If adopted, the City of…

Washington Liquor and Cannabis Board to formally use ‘cannabis,’ not ‘marijuana’

The Washington State Liquor and Cannabis Board on Wednesday morning adopted a motion to implement 2022 legislation replacing the word “marijuana” with “cannabis” in state law. House Bill 1210 makes the switch in terminology to combat what it calls the historical…

New Washington Cannabis Regulations Require Pesticide Testing

by Jack Scrantom, Attorney at Harris Bricken The Washington State Liquor and Cannabis Board (“Board”, “LCB”) voted in March to adopt new final rules effective April 2, 2022 that require all cannabis flower and intermediate cannabis products to be tested…

Washington state code to nix word ‘marijuana’ over concerns it’s racist

In Washington state, where recreational pot is legal, “marijuana” is out and “cannabis” is in. Starting in June, the word “marijuana” will be stricken throughout the Revised Code of Washington and replaced with “cannabis.” It’s the result of House Bill 1210 finding…

Cannabis sales increased across WA during the pandemic. Here’s where sales soared

February 25, 2022
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Washington
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For many people, the pandemic lockdowns increased feelings of boredom, anxiety and loneliness. So it’s hardly a surprise that marijuana use increased, just as alcohol consumption did. But you might be surprised at just how much more cannabis Washingtonians are…

Cannabis reform bill fails to clear WA House

February 19, 2022
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OLYMPIA — Despite early momentum, a cannabis bill seeking to make the industry more diverse and equitable died Tuesday, failing to clear the Washington House. House Bill 2022 was derailed by amendments and significant Republican and lobbyist pushback, according to…

Cannabis reform bill fails to clear Washington House

February 18, 2022
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Despite early momentum, a cannabis bill seeking to make the industry more diverse and equitable died Tuesday, failing to clear the Washington House. House Bill 2022 was derailed by amendments and significant Republican and lobbyist pushback, according to prime sponsor Rep.…

Washington cannabis bill seeks to make industry more diverse, equitable

February 13, 2022
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Jim Buchanan is more than ready for change. A second-generation Seattleite, cannabis retailer and entrepreneur, he is also president of the Washington State African American Cannabis Association and has spent months fighting for House Bill 2022, a bill that would…

Legislators look to make cannabis laws more equitable, again

It’s been seven years since Duane Dunn opened his cannabis dispensary in Tacoma and he still remembers the feeling of joy he had when it first opened. “It was exciting because it was a new industry, it was challenging because…

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