Cannabusiness

Washington: State-Licensed Retail Cannabis Sales Begin - WA Liquor Control Board, Source: http://hemp.org/news/image/view/1996/_originalWashington’s first state-licensed retail cannabis operators opened for business this morning [Tuesday].

The state’s Liquor Control Board issued 24 marijuana retailer licenses late last week. (Under state regulations, the Board may issue up to 334 licenses to retail facilities.) Of those, six opened for business today – the first day legal sales were permissible – according to the Associated Press.

Retail sale prices for a gram of cannabis ranged from $10 to $20 per gram on opening day, according to news reports. Prices are expected to fall once additional retailers open and once existing retailers obtain additional supplies of the product.

Similar state-licensed stores have been operating in Colorado since January 1.

Voters in both states in 2012 approved ballot measures regulating the commercial production, retail sale, and adult use of cannabis.

Voters in Alaska and Oregon will vote on similar measures this November.

Said NORML Communications Director Erik Altieri: “Every day in America, hundreds of thousands of people engage in transactions involving the recreational use of marijuana, but only in two states – Colorado and Washington – do these transactions take place in a safe, above-ground, state-licensed facility where consumers must show proof of age, the product sold is of known quality, and the sales are taxed in a manner to help fund necessary state and local services.”

Article republished from NORML