The marijuana gold rush is on for businesses looking to cash in

SEATTLE - Washington State business owners are applying for a license to sell recreational marijuana. The state is only releasing 334 licenses to sell recreational pot and once they're gone, they're gone.

The licenses will allow businesses the legal right to produce and sell marijuana for recreational use. The fee to fill out an application is $250.

No one city or county can have more than a third of the stores in the state.

Recreational marijuana will go on sale in businesses during the summer of 2014.