Search Results for: Uncle Ike's Pot Shop

Washington Legal Pot Prices Fall To Under $10 In July

WASHINGTON: The price of legal marijuana at Washington’s legal recreational pot shops has fallen to an historic low of under $10 per gram of flower. Industry insiders place the cause squarely on the state’s newly rejiggered marijuana laws. Consumers and retailers are happy with the new low price points; while many producer/processors are struggling to differentiate.

“The impact of HB 2136 was dramatic on the price of marijuana in the WA retail shops,” said Brian Yauger, CEO of Front Runner, formerly TetraTrak, a leading provider of business intelligence for the legal cannabis industry.  “The average cost of a gram of flower dropped almost 25% a gram to under $10.  That now puts i502 recreational prices on par with medical.”

HB2136, signed into law on June 30th by Washington State Governor Jay Inslee, consolidates cannabis excise tax, and allows local jurisdictions to share marijuana tax revenues to encourage more cities and counties to allow for legal pot shops.  It went into effect on July 1st, and the result was an immediate drop in retail sales prices. 

In response, Front Runner and Marijuana Business Association have teamed up to present the 2015 Washington Marijuana Retailer Seminar on October 5th at the Red Lion Hotel in Bellevue, WA.    The MJBA Professional Seminar will feature presentations from Yauger and TetraTrak CDO Joe Armes, who will provide a comprehensive look at the WSLCB wholesale and retail sales data to date, with an eye toward giving 502 retailers actionable business intelligence.

“I want every retailer who attends this seminar to feel that they’ve gotten the value of the ticket price back in the first 15 minutes of the event,” Yauger told MJNN.

Leading Retailer Uncle Ike’s founder Ian Eisenberg will be a featured speaker and panelist. He’ll be joined by an impressive lineup of top retailers including Evergreen Market, Satori and The Joint.  Top cannabis brands Zoots, Mirth Provisions, Evergreen Herbal, Buddy Boy Farm and Monkey Grass Farms will participate as featured panelists.  Event sponsors include Green Bits, PayQwick, Visual Options, CannaVentures and Sky High Gardens.   

Vancouver-Based Marijuana Shop Has Highest Sales In Washington, Thanks To Oregon Buyers

WASHINGTON:  Oregon marijuana users helped propel a Vancouver retailer to the top recreational weed shop in Washington.

Main Street Marijuana sold $1.8 million in May alone, the state liquor control board announced this week, besting Seattle-based Uncle Ike’s $1.5 million. Another Vancouver-based shop, New Vansterdam, ranked third in the state with $1.2 million in May sales.

Marijuana sales across Washington have continued to increase since the state began allowing legal sales of the recreational drug last year. In May, Washington marijuana shops sold a combined $41.5 million.

Today In Seattle Pot Shops: Ocean Greens Now Open, Mello Times Coming…Soon?

WASHINGTON:  Seattle sat at one pot shop for three months before this week when Uncle Ike’s joined Cannabis City as your local legal marijuana dealers. Just like how once someone broke the four-minute mile barrier,suddenly everyone could do it, pot shops are starting to grow up all around town.

Seattle’s third pot shop, Ocean Greens, held its soft-opening on Thursday (at 4:20, obviously). Located at 9724 Aurora Ave North, the place “features a 1960s-era bar with a modern, contemporary aesthetic.”

Meanwhile, will Mello Times ever open in Central District? Despite the fact that owner John Branch was one of May lottery winners, his storefront still has yet to open. He moved one step closer this week buy acquiring an actual storefront. Via CHS, Branch purchased a 4,800 square-foot property on the 2400 block of E Union. Looks like there’s still a lot of work to be done before they open so be on the lookout for Seattle Pot Shop No. 4 elsewhere.

 

Second Marijuana Shop Opening In Seattle

WASHINGTON:  A second pot shop is opening Tuesday in Seattle.

Uncle Ike’s joins Cannabis City, which opened in July south of downtown.

KING reports (http://kng5.tv/1vtwQsa ) Uncle Ike’s is located on the Central District corner of 23rd and Union — an intersection that has seen more than its share of shootings, arsons, and drug deals.

The Washington state Liquor Control Board has licensed 60 pot shops in the state but only about half that many have opened because of a shortage of licensed growers.

 

Get high Every Morning With Marijuana K-cups

WASHINGTON: As more and more states legalize marijuana for recreational use, edibles and infusions are becoming a massive marketplace.  Yahoo Finance now reports that coffee businesses are now infusing cannabis in their brews, ready to be bought in K-cups and coffee pods.

Uncle Ike’s Pot Shop of Seattle sells pods of “premium infused” coffee, containing 10mg of THC, for $10 each. “I liken it to a Red Bull and vodka,” Uncle Ike’s sales manager Jennifer Lanzador told Yahoo. “I had more energy, but I still had the relaxation you get from cannabis.” The pods are becoming big sellers — probably because of their undeniable convenience — and now reportedly account for 60 percent of Uncle Ike’s coffee sales.