Lessons learned by cannabis firms after 5 years of recreational sales in Washington state

Washington state rolled out the world’s second adult-use marijuana market on July 8, 2014, following closely behind Colorado, which began recreational sales at the start of that year.

Over the past five years, Washington state cannabis business owners have persevered through stiff competition, a shifting regulatory landscape and sliding market prices.

A study released by the Washington State Liquor and Cannabis Board (WSLCB) in March 2019 found that recreational cannabis cultivators are using less than half their allotted licensed canopy.

That could open the door for regulators to reduce some licenses to a lower tier, which would shrink the maximum amount of cannabis a cultivator could grow.

While Washington state’s cultivators suffer from depressed wholesale flower prices, overall cannabis sales continue to increase – although at a slower pace, according to

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