Marijuana Warehouses To Open Across Washington State

WASHINGTON: Once the legal market for recreational marijuana opens in 2014, a firm called Arbormain plans to open warehouses around the state to be used by as many as 24 entrepreneurs for growing, processing and testing a range of marijuana products.

As the Washington State Liquor Control Board prepares to open the market, it’s taking applications from businesses for licenses under Initiative 502 regulations.

Brendan Kennedy, CEO of Seattle-based Privateer Holdings, the parent company, said he has about a dozen clients lined up and believes these Arbormain business hubs will be crucial to creating a thriving legal cannabis industry in Washington.

Kennedy and his business partners, Michael Blue and Christian Groh, launched Privateer Holdings in 2011 as a cannabis industry private-equity firm. Kennedy said the team opened Arbormain, a subsidiary, as a “startup accelerator” to help small marijuana-related businesses grow revenues.

Read full article @ Puget Sound Business Journal