Businessman tries his luck at building pot brand

(AP)—The plans of a former Microsoft manager to create the "Starbucks of Pot" are worrying other activists who pushed for the legalization of marijuana in Washington state.

They say Jamen Shively's ambitions don't merely raise questions about whether big corporations will come to dominate the legal pot industry, but also about whether his profit-driven approach might cause a backlash that could slow the marijuana reform movement across the country.

Shively is trying to raise $10 million from investors and eventually wants to build his company, Diego Pellicer (pay-EE'-sehr), into an international pot powerhouse.

But the states aren't licensing marijuana stores yet. say the way Shively is going about making deals with dispensaries could risk federal prosecution.


Explore further

Assembly approves medical marijuana dispensaries

© 2013 The Associated Press. All rights reserved.

Citation: Businessman tries his luck at building pot brand (2013, June 17) retrieved 18 October 2019 from https://medicalxpress.com/news/2013-06-businessman-luck-pot-brand.html
This document is subject to copyright. Apart from any fair dealing for the purpose of private study or research, no part may be reproduced without the written permission. The content is provided for information purposes only.
 shares

Feedback to editors

User comments

Please sign in to add a comment. Registration is free, and takes less than a minute. Read more