Thousands of people have applied to grow marijuana for Washington state’s legalized pot industry. But the more people granted licenses, the less profit each will make. Photo by Dean J. Koepfler/Tacoma News Tribune/MCT via Getty Images
Many in Washington state want a piece of the legalized pot action. Too many, in fact.
The state of Washington, The Associated Press reported Tuesday, has received more than 2,600 applications to grow marijuana to be sold at state-licensed stores when Washington’s legalized marijuana industry opens its doors in 2014. And the more is not the merrier, in this case.
State officials have capped marijuana production at 2 million square feet, meaning the more applications approved, the less space each grower gets to produce the pot — meaning less produce to sell for profit. The state has not confirmed how many people will end up being licensed to grow legal marijuana.