I-502 definition

I-502 means the regulations governing licensing, production, and distribution implemented after electoral approval in November 2012, to allow recreational use of Marijuana in Washington State whereby the Washington State Liquor and Cannabis Board (“WSLCB”) was authorized to regulate and tax recreational marijuana products for persons over twenty-one.
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Examples of I-502 in a sentence

  • The Company, a wholly-owned subsidiary of Ecosphere, is seeking to engage in the business of developing turn-key growing facilities (each a “Facility”) and intends to lease such facilities to legal, licensed I-502 growers (each a “Grower”) in the State of Washington (the “Business”) and is seeking to raise between one and five million dollars to implement its Business Plan (as defined below) by issuing a series of senior secured promissory notes.

  • The security fence will be constructed in accordance with the I-502 regulation and shall be designed in such a fashion that the growing area will not be visible to the general public from outside of the area.

  • General Services: Greenplex hereby agrees to provide the below services related to the design and construction of a custom outdoor marijuana growing facility which is consistent with I-502 regulations for the state of Washington to accommodate a Tier 2 facility that has the ability to grow up to 7,000 sq.

  • Greenplex is a full service cannabis consulting group, financial provider, infrastructure provider, an integrated engineering and construction management company that specializes in designing and constructing build-to suit turn-key outdoor cannabis growing facilities, including equipment, security systems, instruments and services available to assist WWG with its build out for an I-502 cannabis producer operation (the "Business").