When you are looking for marijuana businesses for sale in Washington, there are a few things that you will need to know before you make the leap. The most important aspect of operating a marijuana business is having proper licensing. If you do not have the proper licenses, you will be in violation of the law and could face serious consequences. Here are a few things you need to know about licensing for marijuana in Washington.
Marijuana Licensing – What You Need to know
In order to apply for a marijuana business license, you have to complete a business license application as well as a marijuana license addendum. There will be a fee that must be paid to the Washington State Liquor Control Board (LCB) for the application. The LCB will review every application for approval. The fastest way to apply for a license is online through the service page but you can also send the forms in through the mail or apply in person at the Department of Revenue Service. They do not accept credit cards so be sure to bring cash or a check to make the necessary payment to apply for the application. All fees are nonrefundable.
The LCB May Deny an Application
Your application may be denied if the local jurisdiction where your business will be located does not allow marijuana businesses. If you are buying a business that is already established, this will not apply to you. They also can restrict how many licenses people can get. Once your license is approved, you will need to pay the license fee that will cover your first year of business.
After You Get Licensed
Once you receive your marijuana business license, you can begin looking for a business in Washington to purchase. You will want to decide what type of a business you want to run and be sure that it has a solid business plan and a good chance of creating profits for you in the future.
Getting Help Finding a Business
If you need help finding a marijuana business for sale in Washington, then you might want to think about hiring a professional to help you in your search. Look for a company that has experience with buying and selling other types of businesses. They should be successful, professional and easy to communicate with. It is a good idea to know what you are looking for when consulting with your broker but also be open to ideas or other business options that they might present to you for consideration.
