Lege TREND. 3 Revisions to Weed Laws by States with Legalization.

Why are state legalized marijuana laws adapting? Over-regulation at the outset

What revisions are being made?

• out of state ownership. Initially prohibited in CO and WA.
  • New legalization in NV, CA, OR & MI have been more permissive about out of state ownership
  • CO revisions include up to  15 out-of-state owners per license
  • WA is considering out of state ownership up to 40% if licensees permit unions
• financial restrictions
  • WA is easing financial restrictions
  • since banks do not support the investments, licensees rely on private investment
• rules enforcement stepping away from licensure forefeiture 
  • WA is considering allowing licnesees to ask compliance guidance from the agency without risking the license

Oregon Live | Washington, Colorado move to loosen rules on marijuana businesses