Northwest Voices | Letters to the Editor
Pot entrepreneurs pitch products at Washington Athletic Club
Bigger business will overtake startups
I believe those who are planning to invest their capital and time and effort in the cannabis business should be warned that they are very likely to lose it all [“Getting in on ground floor of pot industry,” NWSunday, Jan. 27].
They are going to get “Walmarted,” just like so many other local retailers.
As soon as the business begins to look profitable, some big national business will be organized using big money (East Coast), hiring big legal and accounting firms and, of course, well-placed lobbyists to further their interests. They will open big retail stores and growers, hiring at minimum wage.
The local businesses will be unable to compete and will be wiped out or have to sell out for pennies on the dollar.
It does not sound like a good plan for Washington.
--George Hoke, Bellevue