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Former Microsoft executive plans premium pot business
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| Contributor | Craverguy |
| Last Edited | Craverguy Dec 02, 2012 06:25pm |
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| Category | Profile |
| News Date | Saturday, December 1, 2012 12:10:00 AM UTC0:0 |
| Description | SEATTLE — Jamen Shively, a former Microsoft executive, plans to spend the next year researching and building a retail marijuana business that he hopes will bring legitimacy to a long-illegal industry.
Shively said he brainstormed the idea after a few bong hits.
He plans to name the business after his great-grandfather, Diego Pellicer, who was the world's largest marijuana producer in the late 19th century.
"He was supplying hemp rope made from the marijuana tree to the Spanish armada during the Spanish-American War," Shively said. "So I've got marijuana in my blood, so to speak."
Shively said that his product won't be cheap.
"By creating the category of premium marijuana, we want to position it similar to a fine cognac, a fine brandy, a fine cigar," Shively said. "Something to be savored and enjoyed in small quantities by responsible adults."
It will be legal for adults 21 and older to possess marijuana in Washington state starting Dec. 6.
The state of Washington estimates it will make about $2 billion over the next five years on marijuana taxes alone. |
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