Washington state will issue up to 52 new cannabis retail licenses under its marijuana industry social equity program.
The licenses will be issued between 2024 and mid-2032.
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Legislation enabling the changes was signed into law Monday by Washington Gov. Jay Inslee, according to news website Axios.
The Washington State Liquor and Cannabis Board (LCB) might also increase the number of cannabis retailer and producer licenses available through the social equity program based on census data and population estimates, effective every three years through mid-2032.
Those increases would require legislative approval.
In addition, the LCB will have until mid-2032 to reissue certain “licenses that were forfeited, revoked, or canceled to an applicant under the (social equity) program,” according to a summary of the legislation, including:
Up to 100 processor licenses, beginning immediately. Up to 10s producer licenses, which can be issued starting in 2025.
Read full article on Marijuana Business Daily
