By Bart Schaneman
Washington state recently eased restrictions on how many producer licenses marijuana businesses can own, a move that could lead to more competition, an uptick in mergers and acquisitions and possibly increased supply.
Under the state’s revised policy, business owners can up their licenses from one to three, effective immediately.
But they must draw from the current pool of 1,154 producer licenses; no new permits have been created.
The Washington Liquor and Cannabis Board (LCB) originally planned to allow businesses up to three licenses to cultivate marijuana but tabled that scenario in the legal market’s early