Looks like he made a killing. https://www.yahoo.com/finance/news/washingtons-first-pot-auction-brings-121016514.html
Hmm...selling a million dollars worth of pot for 600,000...well 60% is better than 0%. But he just wanted to get rid of it...and honestly I would not have bought any-because you weren't allowed to smoke any of it prior to purchase. But steps in the right direction methinks.
I assume it was invite only so more of a private event. But that is quick cash. I would have settled for 600k too i guess.
That averages to $2k/pound... I suppose if it is top shelf/high grade, that's about what growers make at dispensaries.