marijuana license update august 25

7/21/2019 Marijuana License Update August 25

1/17

Marijuana License Update

Blaine Stum


2/17

Medical Marijuana

o 16 medical marijuana

collective gardens arelicensed with the City.o Weedmaps shows fivedelivery only collective

gardens operating.


3/17

o Four retail stores in Spokane (within city limits)have been issued (as of August 19th).

o No retail licenses approved yet for County orSpokane Valley.

State License Applications: Retail

Company Name Address

Spokane Green Leaf 9107 N. Country Homes Rd.Satori 9301 N. Division St.

Green Star Cannabis 1403 N. Division St.

Spokanes Green Depot 71 N. Ralph St.


4/17


5/17

There are currently 38 active producer licenses in all ofSpokane County (up from 25 since last meeting).

13 in the City of Spokane (up from 9).

7 in the City of Spokane Valley (up from 6).

7 in the unincorporated county (up from 5).

7 in Cheney (up from 5).

There are 186 applications currently pending in all ofSpokane County (down from 200 last meeting).

59 in the City of Spokane.

27 in Cheney. 25 in the unincorporated county.

25 in the City of Spokane Valley.

19 in Airway Heights.

State License Applications: Producers


6/17

Active Producer Licenses


7/17

There are currently 22 active processor licenses in all ofSpokane County (up from 15). 9 in the City of Spokane (up from 6). 7 in the City of Spokane Valley (up from 6). 3 in the unincorporated county (up from 2).

1 in Cheney, 1 in Rockford and 1 in Deer Park. There are 133 applications pending in all of Spokane County

(down from 140). 47 in the City of Spokane. 27 in the City of Spokane Valley.

20 in the unincorporated county. 17 in Airway Heights. 8 in Deer Park 6 in Cheney.

State License Applications: Processors


8/17

Active Processor Licenses.


9/17

General Washington

Colorado Update


10/17

o MMH, LLC v. Fife:o City of Fife has put forward an argument that federal law pre-

empts I-502.

o The Attorney General (AG) has intervened in the case. AG isarguing that I-502 does not forbid localities from banning

marijuana businesses.o ACLU has also intervened on behalf of marijuana business owners

in case. They are asking that the Superior Court rule that localgovernments must allow marijuana businesses, and that I-502 isnot pre-empted by federal laws.

o Case to be decided on November 7th(as of current court schedule).

Washington State Information


11/17

o Sales and tax revenue:o To date, there has been $6.578 million in sales. $3.537 million of

that has been made in August.

o Total sales translates to $1.644 million in excise tax revenue.

o WA State Utilities and Transportation

Commission issued a notice to state

charter and excursion bus operators

reminding them that the consumptionof marijuana by drivers or passengers

is prohibited.

Washington Information


12/17

o Canna-Con (Tacoma)

o Hempfest (Seattle)



13/17

o As of 8-18, there were 23 approved marijuanainfused products (none approved for business inSpokane yet):

o Products include sodas, concentrates, granola,

trail mix, chips, brittle and chocolate bars.

Washington State Information


14/17

o Anatek Labs, based out of Spokane, will begin testing retailmarijuana. Other lab is based out of Yakima (Analytical 360).



15/17

o Tax collections have come in 60% below earlyprojections. Projected $33.5 million for lastFY, actual number close to $12 million.

oAssumptions used for early projections didnot account for resilience of medicalmarijuana market.

o Colorado schools already receiving tax

revenue:o $1.1 million in May for capital projects.

o $2.5 million coming for additional hiring ofhealth professionals.

Colorado Information


16/17

Colorado Information


17/17

o In recent testimony by Jennifer Shasky, the Director of FinCEN(Financial Crimes Enforcement Network), she stated that 105 financialinstitutions nationwide say their customers include at least one-marijuana related business (since issuance of banking guidelines).

o There are an estimated 13,525 financial institutions in the US(sources: FDIC and Credit Union National Association).

o This means that .8% of financial institutions have customers in themarijuana business.

General Information

marijuana license update august 25

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