Washington Marijuana Rules – Chelan County Marijuana Plants Flourish Under Energy-Saving LED Lights Washington Marijuana Outsells Liquor Washington State adopts ‘Not for Kids’ label for edible marijuana products Washington’s recreational marijuana sales pass $1 billion State sets marijuana pesticide levels, lays out procedures for recalls Washington marijuana sales surpass $1B So, something interesting happens to marijuana after it’s legal Pacific asks court to shut down three marijuana dispensaries Police sting of marijuana delivery services ignite dispute in Seattle Illegal Marijuana Seizures Decline Drastically Since Legalization in Washington State Recreational Marijuana in Washington State – A Guide for Visitors Fake organic marijuana is everywhere Washington State launches campaign to prevent youth marijuana use In Spokane County, marijuana outsells wine, milk and bread — but not beer DEA Will Decide Whether To Reschedule Marijuana Marijuana Helps Arthritis Using Medical Marijuana for Fibromyalgia Washington’s marijuana laws should be Uniform Support for marijuana legalization hits all-time high Production of illegal marijuana drops dramatically in Washington State Spokane laboratory finds pesticides in many marijuana products New Study Shows Marijuana’s Effect On Crash Risk Has Been Greatly Exaggerated In Washington, number of crimes up compared to pre-legal pot era Marijuana evolves into legal industry in Washington State Marapharm Ventures Acquires Marijuana Business in Washington State Vancouver Marijuana Opportunities Grow Marijuana store licensing system changing in Washington Washington State Patrol – Keep Our Streets Safe This St. Patrick’s Day! “Don’t Drive Impaired” Minimum Wage and Paid Leave Laws Affect Washington State Cannabis Businesses Washington Marijuana lab suspends operations Puyallup Tribe to test Washington Marijuana Washington State May Allow Out-of-State Marijuana Investors Weed Stores Conduct Recall IRS agent convicted of taking a bribe from Seattle dispensary Washington State Fines Two Marijuana Growers For Using Prohibited Pesticides Yakima, Washington police chief against retail sales of marijuana

Washington State May Allow Out-of-State Marijuana Investors

images - Copy

Investors from California to Maine could soon be pouring money into Washington under a proposal to allow out-of-state financiers in the state’s young pot industry.

That new wrinkle might breathe life into some underfinanced companies in Washington’s decentralized industry that counts more than 750 producers, limited in the number of licenses they can own and the size of their farms.

Or it may begin a creeping domination by big money, others say, that could lead to a takeover by corporate forces akin to Big Tobacco.

State regulators have allowed only those who’ve resided in Washington for six months to be owners or financiers in the state’s legal pot industry. But a proposed rule changebefore the Liquor and Cannabis Board (LCB) would drop the residency requirement for financiers, though they’d have to undergo criminal-background checks, could only loan money to business owners and couldn’t own stakes in Washington companies.

Opinions about the proposal are mixed. Some in the industry are not worried. Some would like to see limits on out-of-state investment. Others are concerned that the rule change could be a small but significant step on the way to corporate consolidation and commercialization.

“I think most licensees want this because it’s so difficult to get financing,” said Heather Wolf, a Bellingham lawyer who represents pot entrepreneurs. Wolf said she represents small farmers “who can’t even get loans from their parents because they live out of state.”

But Jonathan Caulkins, a Carnegie Mellon University professor who has consulted for the LCB, sounded a note of caution. “These actions would nudge the industry a little farther and a little faster down the path of commercialization we expect it to follow,” Caulkins wrote in an email.

Like “dying from 1,000 cuts,” Caulkins said, the “transition to Budweiser/RJR-Altria mode is going to occur in steps and stages.”

A bill in the Legislature would allow out-of-staters to own up to 49 percent of a pot company, but the legislation appears stalled this session. There’s a similar proposal before lawmakers in Colorado, which has a two-year residency requirement in its legal pot industry.

Read the Rest

Leave a Reply

Your email address will not be published. Required fields are marked *

Copyright 2016 www.mymarijuananews.com