WASHINGTON: With new laws regulating the medical marijuana industry in Washington set to pass on Friday, pot entrepreneurs are re-thinking their business plans.
Canary, a Seattle-based startup that launched late last year and billed itself as the “Uber for pot,” shut down today.
Canary co-founder Josiah Tullis said that the new regulations will effectively prohibit the delivery of medical marijuana in Washington, which was the backbone of Canary’s revenue stream. Meanwhile, I-502, which governs the use of recreational marijuana in Washington, does not allow for delivery of pot.
“We could see it coming,” said Tullis, a junior at the University of Washington. “We were already re-examining which direction to take our product.”