Local News

When will marijuana pay off for state and legal retail sellers?

pot6SEATTLE — Marijuana possession and use is now legal. But how long will it be until it can be legally sold, and when will the state benefit from it?

Marijuana is a multibillion-dollar business that has gone unregulated. In the United States, only the states of Washington and Colorado have passed laws legalizing marijuana. Colorado’s law will not take effect until Jan. 5.

Drug cartels and drug dealers have been making money off the sale of marijuana for decades.

The state is looking to cut into those profits now, and so are private retailers.

“We’re the spearhead of the action from the retail side,” said Jamen Shively, a former Microsoft  manager who has major plans to open high-end marijuana stores across the state.

“We’re looking for a higher-end, we’re going to be the Neiman Marcus, we’re going to be the BMW of marijuana growers,” said Alan Valdez, Shively’s business partner.

Supporters of legalized pot estimate the marijuana business could bring $500 million a year in tax revenue to Washington state. But Shively and other potential retailers can’t begin operating for more than a year as the state sets rules and regulations for growing and selling pot. For now, the profits will continue to go to the drug dealers.

And some question if a state-run pot business is even a reality.

King County prosecutor Dan Satterberg said he believes federal authorities will ignore the part of the law that makes possession legal, but that the feds will never allow the state to sanction marijuana grow operations and retail stores “where you can stop by and buy an ounce on the way home from work.”

“I think the federal government  can’t stand for that, won’t stand for that and we’ll find this case up in the United States Supreme Court,” said Satterberg.

Supporters of the new law hope federal officials stay on the sidelines, while those who see nothing but profit in pot can’t wait to get in the game.

VIEW & ADD COMMENTS

7 Comments to “When will marijuana pay off for state and legal retail sellers?”

    nathan said:
    December 10, 2012 at 7:03 PM

    What about the rezervations its federal land does that make illegal on the rezervation

    nathaniel said:
    December 11, 2012 at 8:30 AM

    Im sorry but I would buy dirt before I buy anything from these guys. You want corn you go to a farmer right? Then why buy pot from a guy who has a background in microsoft?

    smk said:
    December 27, 2012 at 7:01 PM

    Already have corporate junkies jumping in and driving up the cost. He obviously has the funds and resources, but he is just another example of the greed that drives corporate America.

    james said:
    March 18, 2013 at 12:13 AM

    that is a crap, non-reproducible study that is mooted anyway by the failure to show us any bodies. What, we can reproduce "possible pre-cancer effects" when no cancer ever shows up?

    immobilien said:
    January 18, 2014 at 6:21 AM

    Good way of explaining, and nice article to get information concerning my presentation focus, which i am going to convey in school.

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