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Hearing on bill to close management-agreement loophole that allows retailers to exceed five-license cap
Summary
Engrossed Substitute Senate Bill 5403 would bar arrangements that give entities a financial interest in more than five retail cannabis licenses; supporters said the change would protect small retailers and producers, while some witnesses urged broader, open approaches to future competition.
The Consumer Protection & Business Committee held a public hearing Wednesday on Engrossed Substitute Senate Bill 5403, a measure aimed at preventing large operators from using management, trademark or similar agreements to exert control over more than five retail cannabis licenses.
Peter Clodfelter, staff to the committee, explained that Washington law currently limits an individual cannabis retail licensee and related owners to an aggregate of five retail licenses, and separately authorizes certain agreements (for trademarks, trade names, trade dress, services, etc.) that must be disclosed to the Liquor and Cannabis Board (LCB). Clodfelter said the bill would prohibit a licensee and its owners…
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