As Washington plows toward the legal pot promised land, it’s finding that getting the cannabis market off the ground has been even tougher than anyone imagined.
Washington state is dealing with a glut of would-be legal marijuana growers by cutting back on the number of licenses it issues and the maximum size of pot farms.
The marijuana industry breathed a sigh of relief Friday after federal banking regulators issued long-awaited permission for them to access basic banking services. But Colorado’s pot pioneers said more needs to be done to bring the industry full legitimacy.
Washington state could be facing a curious economic problem: too many pot growers.
Sales of recreational marijuana are due to start in Washington around late spring, but there’s no welcome mat — at least not yet — for pot businesses in dozens of cities around the state.
More drivers have been testing positive for marijuana since Washington legalized the drug last year, according to new figures from the State Patrol.