KGMI News Reporting
By Tracy Eliis
OLYMPIA, Wash. – Washington State could be facing a curious economic problem: too many pot growers.
More than 2,600 applications were submitted to produce marijuana to be sold at state licensed stores.
That’s a problem because regulators capped total pot production at 2 million square feet.
It remains to be seen how many applications are approved, but if it’s even close to the number submitted, that could leave growers with less than 1,000 square feet apiece.
That’s not enough space for most to run an economically viable operation.
The state says it isn’t concerned since at least some of the applications are expected to be rejected.
An author of the legal marijuana law says they should consider raising the production cap.