Washington’s Marijuana Lottery: Good Odds, Big Cash Prizes

The Kitsap Sun reports that David Comeau, who drew the second lowest number in the lottery for Bremerton, where the LCB plans to issue two retail licenses, recently sold his business, Better Buds, to C&C Shop LLC, which came in 13th, for $150,000.

WASHINGTON:  When the Washington State Liquor Control Board (LCB) decided to license just 334 marijuana stores, it made permission to operate such a business a scarce and valuable commodity. But when the LCB received more than 2,100 applications for those 334 licenses, it did not cash in on that artificial value by auctioning them. Instead Read the full article…

Reports Of Problems Vex Washington Pot Lottery

Entrepreneurs talk shop at Cannabis tech meetup.

WASHINGTON: Andrew Elliott is hoping to score one of the golden tickets of Washington’s legal marijuana industry: a license to sell pot, granted in part on a series of high-tech lotteries held this week. He almost didn’t get a shot. Just days before the lotteries began, the state’s Liquor Control Board informed him he had Read the full article…

Revised I-502 Rules Would Allow 10 Marijuana Retail Shops In Kitsap County

Jake Dimmock, co-owner of the Northwest Patient Resource Center medical marijuana dispensary, waters medical marijuana plants in a grow room, Wednesday, Oct. 10, 2012, in Seattle. Washington state is on the verge of becoming the first in the nation to let adults over 21 buy taxed, inspected marijuana at state-licensed shops. Supporters of Initiative 502 say allowing recreational pot sales could make drug laws a little more reasonable, prevent thousands of arrests a year, and bring Washington hundreds of millions of dollars to help pay for schools, health care and basic government services.

WASHINGTON: Under revised rules proposed by the Washington State Liquor Control Board, a maximum of 334 state-licensed retail outlets for recreational marijuana — including 10 in Kitsap County — would be allowed under implementation of Initiative 502. Other licensing restrictions would prevent large commercial interests from establishing monopoly control of the marijuana production, processing or retailing sectors.