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Washington
Cannabis Market
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Washington Cannabis Market At-A-Glance

Overall Rating: B-
Washington was one of 2 states to legalize adult-use for the first time during the 2012 election. Their medical cannabis program was immersed into the recreational program making the cannabis market 1 entity as opposed to 2 separate operations.
Medical Use: Yes
Adult Use: Yes
Market Potential
C
Washington State has one of the oldest cannabis markets in the country. There are many well established brands, so it is difficult to penetrate the market.
Licensing
A+
No caps and no mandated distribution.
Competition
C
Extremely competitive. Prices are low because there is too much supply.
Tax/Regulatory Structure
B
1 excise tax that is extremely high.

Washington Cannabis Details

Population (Rank)
7,615,000
#13
Size/Density
106.3 sq. miles
#30
Medical Cannabis?
Yes
2012
Adult-Use Cannabis?
Yes
2012
2020 Medical Sales
2022 Projected Medical Sales
$0
$0
0%
2020 Adult Use Sales
2022 Projected Adult Use Sales
$1,200,000,000
$1,500,000,000
+25%
Regulatory Agency
Washington State Department of Health
https://lcb.wa.gov
# of Dispensaries (allowed/issued)
No limit
Medical: 468 Issued | Retail: 553 Issued
# of Cultivators (allowed/issued)
No limit
1,148
# of Manufacturers (allowed/issued)
No limit
1,140
# of Testing Labs (allowed/issued)
No limit
16
Vertical Integration?
Generally not allowed
Residency Requirements?
Must have lived in WA prior to applying for the license
Social Equity?
Yes

Cannabis Taxes

Combined Tax Rate
37%
Excise Tax
37%
Retail Sales Tax
None
Local Sales Tax
None
State Sales Tax
None
Cultivation Tax
None

Licensing Fees (per year)
*Varies based on gross revenue

Retailer
$1,480
Producer
$1,480
Processor
$1,480

Application Fees

Retailer
$250
Producer
$250
Processor
$250
Transporter
$250
Business License Application $19
09/09/2021

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