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Standards of ingredients, quality, and identity of marijuana/marijuana infused products <br />produced, processed and sold by licensees. <br /> Security requirements for retail outlets and premises where marijuana is produced and <br />processed. <br />Retail Outlets <br />Specific number of retail outlets and licenses will be determined by the WSLCB in consultation with the <br />Office of Financial Management taking into account population, security and safety issues, and <br />discouraging illegal markets. The initiative also caps retail licenses by county. <br /> Retail outlets may not employ anyone under the age of 21, nor allow anyone under the age of <br />21 to enter the premises. <br /> Retail outlets are only authorized to sell marijuana/marijuana products or paraphernalia. <br /> Retailers are allowed one sign , not to exceed <br />1600 square inches. <br /> They are not allowed to display marijuana or marijuana related products in a manner that is <br />visible to the general public. <br />Possession <br />If enacted, individuals twenty-one years of age or older are legally authorized to possess and use <br />marijuana-related paraphernalia andany combination of: <br /> One ounce of useable marijuana; <br />16 ounces of marijuana infused product in solid form; or <br />72 ounces of marijuana infused product in liquid form. <br />Individuals will still be subject to criminal prosecution for: <br /> Possession in amounts greater than what is listed above. <br /> Possession of any quantity or kind of marijuana/marijuana infused product by a person under 21 <br />years of age. <br />Price <br />price estimate of $12 per gram <br />The Office of Financial Management places a . Medicinal marijuana <br />dispensary prices on average range between $10 and $15 per gram with some premium products <br />exceeding $15 per gram. <br />Based on average retail mark-up practices, estimated producer price is $3 per gram and estimated <br />processor price is $6 per gram. <br />Timeline <br /> November 6, 2012: Public vote on Initiative 502. <br /> December 6, 2012: Initiative 502 goes into effect (30 days after general election). <br />December 1, 2013: Deadline for the WSLCB to establish the procedures and criteria <br />necessary to implement the initiative. <br />### <br />Revised: 11/19/12 <br /> <br />