Bar Bulletin

Bar Bulletin

LCB Proposes Rules for Marijuana Receiverships

May 2018 Bar Bulletin

By Dominique R. Scalia

Comment Period Closes May 30

Washington’s first receivership of a licensed marijuana business was initiated in 2016. Since then, many marijuana businesses and their creditors have taken advantage of our state’s robust receivership statute while receivers have worked with the Washington State Liquor and Cannabis Board to determine how LCB’s regulations govern the operation of receiverships. LCB has now issued proposed rulemaking that includes a new section of WAC 314-55, directly addressing receiverships and receivers.

The proposed regulations impose new restrictions on receivers that would limit the number and type of licensees over which they could be appointed at any time. There are...

CURRENT MEMBER?

SIGN IN TO VIEW THE REST OF THIS ARTICLE

NOT A MEMBER?

King County Bar
Association

1200 5th Ave, Suite 700
Seattle, WA 98101

Main (206) 267-7100

 Contact Us