Stores Before The Pot: Why The Rush To License Washington Marijuana Retailers?
It’s another significant milestone in Washington’s experiment with legal, recreational marijuana. The first 24 pot retailers in Washington now have their licenses in hand.
The businesses were notified electronically early Monday morning.
But not all of them will open for business Tuesday. Stores that do open have warned they may run out of product because of a limited supply. Olympia Correspondent Austin Jenkins said the state was ready to issue licenses, even if the marketplace isn’t.
“You do have the cart before the horse, or the stores before the pot in some cases, but I think the state’s view, the state regulators’ view is that they want to hand this baby off to the private sector, they didn’t want to stand in the way any longer and they’re ready to issue licenses, so their view is ‘get the market going,'” said Jenkins.
Stores that open Tuesday are bracing for long lines and high demand. But Washington’s Liquor Board expects the supply and demand issues to work itself out over the summer.
Copyright 2014 Northwest News Network.