Pot of Gold: New legal mj business create once in a lifetime opportunities - Seattle Times

Discussion in 'Marijuana News' started by Green Wizard, Jul 20, 2015.

  1. By Evan Bush
    Seattle Times staff reporter



    WELCOME TO THE weird world of legalized marijuana, with a cast of characters as novel and interesting as the product they're crazy enough to sell.


    Entrepreneurs include a World War II veteran born in 1921 and a University of Washington student born in 1993, plus felons, dreamers and a cupcake queen. Then there's this bizarre trio: a 79-year-old nationally ranked bird-watcher, a 36-year-old surfer, and former Seahawks star Marcus Trufant, who together own a pot shop in Lacey, one of the state's more than 150 (and growing) recreational marijuana stores.


    It's always messy to build something from scratch. About half of small businesses fail within five years, according to the U.S. Small Business Administration, and few face as many complications as the marijuana industry.


    Taxes are steep. Laws and rules for the strictly regulated business have been in flux since the state's voters legalized pot in November 2012. Some cities and counties have banned businesses. Many can't get access to banking. Although unlikely, if the federal government changes its mind on pot, it could shutter businesses and press felony charges.


    But those bold enough to launch into this uncertain world see a once-in-a-lifetime opportunity where others balk at risk.


    Les LeMieux, a felon convicted of selling drugs, seeks vindication. Pot nearly took everything away. Now, it could set up his family for good.
    Evan Cox and his wife, Charity, both high-school and college dropouts, see pot as a means of upward mobility.


    Jody Hall, the founder of Cupcake Royale, wants to reshape pot culture.


    They're all just getting started, but what a long, strange trip it's already been.


    more...





    http://www.seattletimes.com/pacific-nw-magazine/po...

     
  2. #2 Dutty Panty, Jul 20, 2015
    Last edited by a moderator: Jul 20, 2015
    Lol. Too funny. My wife and I have been trying to go rec for 6 months a Lil longer actually. Watched about 30% fail year one. Now we are ready

    It's a very high risk gamble.
     
  3. i could only ever wish for people to succeed in this type of business venture!
     
  4. Hopefully the I-502 industry will provide jobs to all of those who were shut down. As of recently because of SB 5052, it is illegal to make concentrates in Washington State unless they're solventless and "not for commercial purposes or sale", which leaves basically nobody right now legally making oil in WA State. Practically nobody is licensed to do it.


    Say hello to higher prices, more black market buys, and more people blowing themselves up trying to make oil.

     

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