WSLCB Notice Of Board Action: Allows Person/Entity To Possess Up To 3 Producer Licensees

WASHINGTON: The Washington State Liquor and Cannabis Board has rescinded Board Interim Policy BIP-02-2014 which limited persons or entities to interest in one (1) producer license, reverting to allowing a person or entity to hold an interest in up to three (3) producer licenses as provided in WAC 314-55-075.

 

Persons or entities may hold interests in up to three (3) producer licenses.

Persons or entities may hold interests in up to three (3) producer licenses.

What does this mean?

 

  • Persons or entities may hold interests in up to three (3) producer licenses.
  • Additional interests in producer licenses may be accomplished through adding true parties of interests or assumptions of existing licensed businesses only (through purchase of a business, formation of a new partnership with an existing licensee, etc.). No new application window is being opened at this time.
  • The licensing vetting and approval process must be completed prior to any transfer of ownership, funds, or interest, consistent with Chapter 314-55 WAC. More information is available on the WSLCB website, here: http://lcb.wa.gov/mjlicense/marijuana-licensing.
  • Co-locating producer licenses is not allowed.
  • Rescinding BIP-02-2014 does not affect those applications currently being processed.

 

This notice can be found at lcb.wa.gov/laws/laws-and-rules under Interim Policies.