The Washington State Liquor and Cannabis Control Board intends to lift the ban on out-of-state investors financing recreational marijuana producers, processors and retailers as early as March of this year.
Lifting the ban on out-of-state investing will make it easier for marijuana producers, processors and retailers to raise money to start or grow their company.
This fall, the legalization of recreational marijuana is going on the ballot in California.
However, California has no ban on out-of-state investors and, with the possibility of recreational cannabis being legalized, investors could be looking to spend big on America’s most populous and largest medical marijuana producing state.
States that receive revenue from recreational marijuana sales may be making some changes to how they run their investments before California potentially enters the market this fall.
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