Legalized Marijuana In Washington Could Hurt B.C.’s Multibillion-Dollar Pot Economy

CANADA:  B.C’s massive pot industry is in for some tough times because of changes in U.S. marijuana policy and a shrinking market south of the border.

The changes have raised questions about whether B.C.’s economy will take a hit.

Washington state’s liquor board is expected to issue the first wave of retail marijuana store licences on July 7, with some of the 334 outlets set to open the next day. Pot growers for recreational marijuana already operate legally in Washington state. Colorado began allowing the sale of recreational pot on Jan. 1.

Marijuana sales haven’t started in Washington but the effects of the loosened drug laws are already being felt in B.C., said Simon Fraser University criminologist Neil Boyd.

 

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.

1st Recreational Pot Seller Expects Sky-High Sales Boost

COLORADO: Cue the “Rocky Mountain High” jokes.

A medical marijuana dispensary in Central City, Colo.a small gambling town nestled in the mountains near Denverjust became the first business in the United States licensed to sell marijuana to patrons without a note from their doctors.

Erin Phillips, the co-founder of medical marijuana chain Strainwise, announced this week that the Colorado Department of Revenue’s marijuana enforcement division accepted the company’s application for a recreational marijuana license on Nov. 15. She told CNBC on Friday that industry insiders estimate business can triple with the new license. [Read more…]

Citizens Passionate But Civil At Vader WA Marijuana Meeting

WASHINGTON: In a workshop stretching nearly two hours Saturday at Vader City Hall, citizens and council members eloquently aired their concerns and views regarding Seattle developer Brandon Milton’s proposal to install a wholesale growing operation inside warehouses on his industrial property in the city limits.

“This could be Vader’s defining moment,” said Shannon Olson, urging her fellow citizens to speak up for their city’s values. “This is not really a problem, but an opportunity to define and secure the future of Vader.” [Read more…]