Despite Increasing Sales, Legal Pot Businesses Warn Of Impending Disaster If Changes Not Made

The legal marijuana industry is sending up red flags, warning a number of problems from high prices to a glut of pot threatening to derail the burgeoning recreational market.

WASHINGTON:  The amount of legal pot sold in our state continues to increase each month since Washington’s first retail stores opened last summer.

The Washington State Liquor Control Board reports sales of nearly $18.5 million in January alone.

But the industry is sending up red flags, warning a number of problems from high prices to a glut of pot threatens to derail the burgeoning recreational market.

A steady stream of customers filed through Seattle’s Cannabis City in the SoDo neighborhood on a recent weekday afternoon to buy legal marijuana. Despite strong sales, general manager Amber McGowan says the shop and many others are struggling to make a profit under the weight of heavy taxes that have kept prices sky high compared to the street and the dozens of unregulated medical marijuana outlets operating around the state.

Read full article @ MyNorthwest.com

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