July 8, 2014
That’s the day that Seattle’s (and possibly Washington’s) first retail marijuana shop Cannabis City is scheduled to open. Owner James Lathrop currently only has 10 pounds of product, which he is expecting to sell out of in the first day.
Lathrop expects Cannabis City will sell out that day, even with prices at $15 to $20 per gram. But until he officially receives his retail license from the state Monday, it’s only glass paraphernalia and small label plates that read “Fine Jewelry,” remnants from when the cases lived in a Sears department store.
Meanwhile, Cannabis City’s supplier, Nine Point Growth Industries in Bremerton, is hustling to get 30 pounds of marijuana ready to go out the door for Lathrop and several other retailers around the state also expecting to open next week.
According to sources, Washington State’s only authorized testing facility Analytical 360, has only tested two samples. All of these signs point to an extensive shortages in the near future, just as the retail market sets to launch. How shop owners prepare themselves to handle these initial shortages will determine their long term viability.