Correction: Legalizing Marijuana-Shortages

New Post Public Reply Private Reply Replies (2) Message Board
john1234 BURN.NOTICE88 #2648


Correction: Legalizing Marijuana-Shortages Story



SEATTLE — Jun 30, 2014, 12:35 PM ET

In a story June 28 about the quality assurance testing of marijuana that will be sold at licensed Washington state pot shops, The Associated Press reported erroneously that Analytical 360's facility in Yakima is the only laboratory that has been certified to conduct the testing. The lab is one of two; the other is Confidence Analytics in Seattle.

A corrected version of the story is below:

Pot shortages could be dire at Washington's stores

Where's the weed? Pot shortages could be even worse than expected in Washington next month

By GENE JOHNSON

Associated Press

SEATTLE (AP) — Randy Oliver has a pressing question as legal marijuana sales are about to begin in Washington state: Where's all the weed?

Oliver is the chief scientist at Analytical 360 in Yakima, one of two labs in the state that have been certified to test the heavily taxed marijuana that will wind up on store shelves next month. So far, just two licensed growers have turned in samples for testing at Analytical 360, with another due to turn in a small batch next week, he told The Associated Press on Saturday.

"There's such a small stream of samples coming through," he said. "There's going to be some long lines and some high prices."

The state's Liquor Control Board has been warning of shortages when the first stores open. The board plans to issue the first 15 to 20 retail licenses July 7, with shops allowed to open the next day if they're ready. It's not clear how many that will be. Board staff said at a meeting last week that only one store in Seattle is ready for its final inspection.

Only 79 of the more than 2,600 people who applied for marijuana growing licenses last fall have been approved, and many of them aren't ready to harvest.

"Will there be shortages?" Randy Simmons, the board's legal-pot project manager, said in a recent AP interview. "The answer to that is yes."

But the figures provided by Oliver on Saturday suggest just how serious those shortages could be. The samples provided to Analytical 360 represent a maximum harvest so far of 190 pounds — and Oliver said he expects 20 to 30 percent of the samples to fail because of high mold counts. Marijuana associated with those samples can't be sold as dried bud, but can be used to make cannabis oil.

The amount harvested so far "isn't going to stay on the shelves very long," Oliver said.

The other certified lab, Confidence Analytics in Seattle, has received samples from nine growers, some of whom are working on their second harvests, said co-owner Bobby Hines.

Oliver said he's worried that his lab could see a crush of samples provided in the days before the first stores open, swamping his lab and delaying the arrival of product on store shelves.

"We can probably handle 100 samples a day, but if we get 300 samples thrown at us?" he said. "I'm worried about everybody coming to us at the last minute."

Growers have to provide samples for every strain of cannabis they grow, and for every five pounds of flowers they harvest.

Oliver also said glitches with the software the state is using to track the bar-coded marijuana from clone to sale could compound the issue. He said his lab has had trouble entering test results in the program, and some marijuana that passed has shown up as having failed. It took one grower five days to provide the samples to the lab because of software problems, he said, characterizing the bugs as nothing unusual for a new program.

Seattle's Sea of Green Farms is one of the two growers who have had their pot tested at Analytical 360, said Bob Leeds, a partner there.

The other grower tested is Spokane's Kouchlock Productions. Kouchlock and Sea of Green were among the very first growers licensed back in March.

Spokesmen for the liquor board did not immediately return a call or emails on Saturday.

The Sea of Green team was spending the weekend packaging the approximately 40 pounds of marijuana it harvested recently, Leeds said. It has contracts with four shops to sell most of it already — for an exorbitant $4,000 a pound. That's nearly $9 per gram before the retailer's mark-up, 25 percent retail excise tax, and state and local sales taxes. At the state's unlicensed medical dispensaries, cannabis often sells for $8 to $12 per gram.

"When people start calling we have to tell them we're not going to have anything for them until August," Leeds said. "That's a long way off when you're trying to open a business."

source of article
http://abcnews.go.com/US/wireStory/correction...y-24366719

Rightsmile Inc. (RIGH) Stock Research Links

RIGH Board Company Profile Buy Rating Time & Sales News Filings Financials
Scroll down for more posts ▼

Top 10 Most Recent News Articles

Fiber Giants Unite to Boost Connectivity in Montana

Updated Category News Views 5

Montana's Broadband Transformation Takes a Leap Folks in Northwest Montana, take note. Vero Fiber and MontanaSky have tied the knot, officially sealing a merger that doesn't just unite two reputable broadband providers but promises to shake up the internet game across the region. Just ask anyone who's tried to stream a movie during peak hours in Flathead Valley. A...

Continue Reading
Cannatrol and Veterans Nonprofit Unite for Healing

Updated Category News Views 5

Veterans Find a New Ally in Cannabis Tech When two distinct worlds collide for a cause, it can create waves of change much bigger than simple collaboration. That's exactly what's happening with Cannatrol and Operation Green Healing, a partnership that could redefine support for our veterans. Cannatrol, renowned for its groundbreaking post-harvest cannabis technology, has...

Continue Reading
Fresh Leadership at Master Group: Langelier Steps In

Updated Category News Views 5

Changing of the Guard: A Calculated Move It's not every day you see a company make a move as calculated and thoughtful as the one the Master Group just pulled. Rémy Langelier is set to transition into the shoes of CEO by early 2027, fresh off the heels of Louis St-Laurent. This isn't just any executive shuffle, folks—it's a strategic baton pass spawning an investment...

Continue Reading
Nukleus Launches Unified Platform for Athletes' Business

Updated Category News Views 7

Leveling the Business Field for Athletes Athletes spend their lives fighting for every inch on the field, and now Nukleus is giving them the tools to hold ground off it. Why should they be the last ones to know their own business? Ashton Jeanty and Nukleus got tired of that narrative and kicked off a platform today with a real promise: putting an athlete's entire business...

Continue Reading
Ace Hardware Ups the Stakes with Rewards Days Event

Updated Category News Views 4

Ace Hardware: Doubling Down with Rewards Ace Hardware's rolling out the red carpet for its loyal customers. Imagine this: exclusive deals on trusted brands and double points on purchases—an incentive any savvy shopper would jump at. From October 6 to 7, those in the Ace Rewards circle have the chance to nab some hefty savings and perks, a move that's more than just a...

Continue Reading
Quorum Joins LIVE Coalition to Revolutionize Estate Planning

Updated Category News Views 5

Shaking Up Estate Planning: Quorum Joins LIVE Coalition Here's a fresh shake-up in the world of estate planning. Quorum Federal Credit Union has thrown its hat into the ring as the latest member of the LIVE Coalition, a band of financial, legal, and tech wizards putting estate plans on a modern track. This marks them as the 70th player to dive into this alliance, pushing...

Continue Reading
Varda Space's Dual Launch Signals Orbital Ambitions

Updated Category News Views 7

It's not every day you see two commercial rockets heading to orbit on the same ride, but that's precisely what Varda Space Industries just pulled off. With the W-8 and W-9 vehicles blasting off together, Varda is positioning itself for a leap in orbital operations. They've hitched a ride aboard SpaceX's Transporter-18 mission, and this is more than just a double...

Continue Reading
Maternal Health Index: A New Tool With Big Ambitions

Updated Category News Views 8

A Fresh Take on Maternal Health Today's all about the Heartland Forward's fresh tool, the Maternal Resiliency Index. It's making a splash at the 2026 Heartland Summit with a lot of promise on its shoulders. Backed by economists and health gurus like Emily Oster and Dr. Neel Shah, this index ain't your run-of-the-mill tool. It's here to shake the couch coins out of...

Continue Reading
October Becomes a Beacon for Grieving Families

Updated Category News Views 3

October: A Month for Heartfelt Observance There's a profound resonance when October rolls around, especially for families who've faced the heartbreak of pregnancy or infant loss. Thanks to Postpartum Support International (PSI), the month serves as more than just a page in a calendar—it's a solidarity rallying cry for awareness and remembrance. The group's commitment to...

Continue Reading
New Tools Arm Manufacturers in Additive Arena

Updated Category News Views 4

Diving Headfirst into Additive Manufacturing Standards Additive manufacturing (AM)—it's not just another tech buzzword. It's revolutionizing everything from life-saving medical devices to cutting-edge aerospace components. But as with any game-changing innovation, there's a wild west era before standards reign in the chaos. Enter ANSI and America Makes, offering new...

Continue Reading

Top 5 Most Recently Viewed Articles

Glooko's Innovative Approval for Gestational Diabetes Monitoring

Updated Category News Views 159

Glooko's Breakthrough in Managing Gestational Diabetes Glooko, Inc. is making headway in digital health solutions with its innovative Glooko XT platform, which has recently been approved for remote monitoring of gestational diabetes. With this significant leap, Glooko connects patients and healthcare providers, ensuring comprehensive care for those managing Diabetes....

Continue Reading
Walker & Dunlop Leverages Expertise to Enter Hospitality Market

Updated Category News Views 104

Walker & Dunlop Enters the Hospitality Investment Sector Walker & Dunlop, Inc. has made an exciting strategic decision to expand its investment sales business into the hospitality sector. This move, aimed at capitalizing on the growing opportunities within this dynamic field, comes with the introduction of Jonathan (Jay) Morrow as the new senior managing director. Morrow...

Continue Reading
Crane Venture Partners Unveils New $135 Million Fund Focused on APAC

Updated Category News Views 555

Crane Venture Partners Launches New Fund Crane Venture Partners has made an exciting announcement with the introduction of Crane APAC I, a significant fund aimed at empowering early-stage founders in the Asia-Pacific region. This new $135 million fund focuses on supporting innovative companies in markets such as India, Singapore, and Australia. Expanding Global Reach This...

Continue Reading
Discover Pipelining for Homeowners with Waterline Renewal

Updated Category News Views 165

Waterline Renewal Technologies Introduces Homeowner Website Waterline Renewal Technologies (WRT) has recently launched a dedicated website aimed at homeowners, focusing on trenchless pipe repair solutions. This new initiative reflects their commitment to educating and empowering homeowners as they navigate the complexities of pipe repair technologies. Your Go-To Resource...

Continue Reading
Colabor Group's Annual Meeting Approves Key Resolutions

Updated Category News Views 111

Colabor Group's Annual Meeting Overview Colabor Group Inc. (TSX: GCL) recently held its annual meeting of shareholders, highlighting an important event in the company's governance. This meeting showcased the engagement of shareholders, as a notable 61,043,516 common shares were represented, equating to 59.84% of the total issued and outstanding shares. Election of...

Continue Reading