A new law that essentially folds Washington State’s medical cannabis industry into its recreational program could lead to a boom in the number of licensed marijuana stores.
There are an estimated 800 unregulated and unlicensed dispensaries in Washington, all of which may apply for state permits under the new law. Around 400 may be eligible to receive licenses, according to KUOW.org.
Currently, the state has licensed 196 recreational marijuana shops.
This means any dispensary that wants to survive the next year has to get a state license under the recreational program. That in turn means a big boom in legal retailers, which will be allowed to serve both medical patients and adult-use customers.
Although that may concern some current rec shop owners who aren’t looking for more competition, Smith argued that it’ll prove beneficial in the long run by further undercutting the black market and putting rec shops and dispensaries on the same regulatory footing.