Washington's first pot auction brings in $600,000 - Spokane, North Idaho News & Weather KHQ.com

Washington's first pot auction brings in $600,000

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Washington's first pot auction brought in about $600,000. Washington's first pot auction brought in about $600,000.
PROSSER, Wash. -

Washington state's first marijuana auction brought in about $600,000.

Fireweed Farms of Prosser sold about 300 pounds of pot to state-licensed processors and retailers. Bidding took place under a black tent fronted by tall heaters, and the event was monitored by at least two representatives of the Washington Liquor Control Board. Bidders could smell plastic bags of buds before offering a bid.

The marijuana sold Saturday was planted in May and harvested between late September and mid-October. Fireweed Farms owner Randy Williams had sold some of his marijuana to recreational processors earlier this year, but the auction represented the bulk of his harvest.

He said he held the auction to "get rid of it all quick" so he could spend time with his grandson instead of packaging marijuana. The harvested and dried marijuana was priced by the gram and auctioned by the strain in lots ranging from about half a pound to five pounds.

Williams said he planned to donate proceeds from three lots, totaling $14,000, to local schools.

(Copyright 2014 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)

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