At Quincy Green, Startup Cannabis Farmers Cope With Falling Prices
Leslie and Mark Olson are law partners, entrepreneurs, and as of 2014, founders and owners of Quincy Green, a cannabis farm in a picturesque part of Eastern Washington state that gets 300 days of sun per year. Mark is also a third generation farm owner, so the business fit may sound ideal, but the couple is using every skill they have to steer around the pitfalls and falling prices of their nascent industry.
Some companies are folding because they don’t have enough capital to get through these early turbulent years Ms. Olson said. “It’s a market without reliable financial modeling because prices, laws and business conditions are changing so quickly,” she said, “The state did their best, but right now there is too much supply for too few stores.”
The founders have taken a deliberate approach in every aspect of the business to navigate the shifting terrain. To avoid reliance on a once-a-year crop, the pair run...
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