Marijwhatnow? Marijuana Legalization in Washington Tuesday, July 29, 2014
Heather Wolf, Partner Education: New York University, (BA, 1991) -Member Phi Beta Kappa University of Washington School of Law, (JD, 1997) Practice Areas: Land Use Law Real Estate Law Contact Information: Business Law Recreational Marijuana Business Law (360) 676-0306 www.brownlieevans.com heather@brownlieevans.com http://www.brownlieevans.com/recreational-marijuana-business-resources/
What does the law allow? Anyone over the age of 21 can possess and privately consume: -Up to 1 ounce of dried marijuana -Up to 16 ounces of marijuana infused edibles -Up to 72 ounces of marijuana infused products in liquid form -Up to 7 grams of concentrated hash
Where can you buy marijuana?
Buying marijuana prior to legalization
First legal retailers!
Where can you consume marijuana?
Who can grow?
Only licensed producers can grow, it is still illegal to grow your own marijuana
Three Tiers Tier 1: Less than 1,400 square feet Tier 2: 1,400 square feet to 7,000 square feet Tier 3: 7,000 to 21,000 square feet
Where can I set up my marijuana business?
You cannot be within 1,000 feet of any elementary or secondary school, playground, recreation center, child care center, public transit center, library or game arcade
Only 106 Producer Licenses have been issued to date
What will revenue numbers look like?
From July 1, 2014 to July 25, 2014 marijuana licensees have generated $1,865,853 in sales, and $466,463 in excise taxes system wide ● Producers: $37,388 in sales - $9,347 in taxes ● Processors: $743,112 in sales - $185,778 in taxes ● Retailers: $1,085,353 in sales - $271,338 in taxes
Can I drive high?
Unanswered questions…
Marijuana Tourism
Be Bed & B & Breakfast kfast
Impact on liquor sales?
Banking?
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