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Washington’s first pot auction brings in $600,000

— Washington state’s first marijuana auction brought in about $600,000.

Fireweed Farms of Prosser sold about 300 pounds of pot to state-licensed processors and retailers Saturday, the Tri-City Herald reported (http://is.gd/JsJp6T ). Bidding took place under a black tent fronted by tall heaters, and the event was monitored by at least two representatives of the Washington Liquor Control Board. Bidders could smell plastic bags of buds before offering a bid.

The marijuana was planted in May and harvested between late September and mid-October. Fireweed Farms owner Randy Williams had sold some of his marijuana to recreational processors earlier this year, but the auction represented the bulk of his harvest. [Read More]

Rob Meagher

Rob Meagher

Rob Meagher, CBE’s Founder, President and Editor-in-Chief is a 30 year veteran of the media world. His career has spanned from stints representing the Washington Post, USA Weekend, Reader’s Digest, Financial World & Corporate Finance to the technology world where he worked at International Data Group and Ziff Davis where he was part of the launch team for The Web Magazine, Yahoo Internet Life, Smart Business and Expedia Travels before starting his own marketing and Publisher’s Representative Firm. He also ran all print and online media sales and marketing for the Society for Human Resource Management before partnering with Forbes and then Fortune to create Special Sections covering a variety of topics. Rob, who started CBE Press in 2014, can be contacted at [email protected]

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