|Washington joined Colorado in voting for Initiative 502 to legalize adult-use marijuana in November 2012 and opened its market shortly after Colorado.|
|Legalization Dates:||Medical: I-692 passed in 1998 (full text)|
Adult-Use: I-502 passed in the November 2012 election (full text)
|Relevant Legislation:||Marijuana Regulation in Washington State|
COVA summary of Washington laws
|Regulatory Bodies:||Washington State Liquor and Cannabis Board|
|Licensing & Taxation Model:||There are three main licensing tiers in Washington state: marijuana producer, processor, or retailer. There are also transportation licenses that are very limited in scope.|
Washington prohibited vertical integration, meaning that one entity can hold a producer and processor simultaneously but a producer or processor cannot also be a retailer.
Washington adult-use customers pay a 37% excise tax at the time of purchase. Medical patients are exempt from this excise tax. Medical patients can also purchase 3 times the daily limit as adult-use customers.
|Example Firms:||Northwest Cannabis Solutions, Grow Op Farms, Artizen Cannabis Companies, BMF Washington|
|Industry Associations:||Washington Cannabusiness Association (WACA)|
Washington Sungrowers Industry Association
|Market Size:||In fiscal year 2019, the state’s 482 dispensaries generated over $1 billion in revenues that generated over $390M in state tax revenue. In total the state has 1,410 licensees, but fewer dispensaries per capita than a number of other states (source).|
|As of May 30, 2020|