WASHINGTON: History is being made as a first ever marijuana auction took place in Prosser.
Three hundred pounds of marijuana were sold and $650,000 was made.
The first pound and a half of marijuana auctioned off, sold for $4,500.
Fireweed Farms owner Randy Wlliams said so far he is happy with his decision to hold the auction.
WASHINGTON: A Washington state farmer is selling off a ton of marijuana — literally 2,000 pounds worth — to the highest bidder in one of the first large-scale legal pot auctions in modern American history.
On Saturday, Randy Williams of Fireweed Farm in Prosser, Wash., will offer for sale the marijuana he’s been growing all summer. Most legal marijuana in Colorado and Washington, the only states with legal recreational marketplaces, is grown indoors under electricity-hogging lights in much smaller batches.
Colorado’s marijuana growers this fall harvested their first crops of outdoor-grown cannabis, and now farmers like Williams are bringing their pot to market in Washington. At retail prices, Williams’ crop could be worth $6 million. Many of the plants are a dozen-feet tall, grown in the wine region just north of the Columbia River Valley in south-central Washington.
“It’s like regular farming — you grow in the spring and summer, harvest in the fall and then you go to Cabo for the winter,” joked Greg James, publisher of the industry magazine Marijuana Venture.
WASHINGTON: Prosser‘s lone marijuana retail shop has met its goal of keeping the supply of pot high enough to conduct business daily.
Additional growers helped increase Altitude’s inventory enough that it was able to extend its hours about a month ago, said Tim Thompson, one of the investors.
“We are the only store in the state that has been open every day,” he said.
Thompson’s goal was to make sure they didn’t have to shut down to wait for more marijuana, he said.
“I think it is paying off,” he said.