Secondary business sector sprouts from marijuana
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REDMOND —Kelly Martin believes you don’t have to grow or sell marijuana to make money in the marijuana business.
He launched two companies in the past year that capitalize on legal, recreational marijuana in the Pacific Northwest. The oldest is DaKine 420 , a purveyor of fertilizers and processed coconut husks, in which marijuana is grown. Just finishing its first year, the company, which employs five in a 9,000-square-foot warehouse off SW Veterans Way, is set to clear about $700,000 in gross sales, Martin, 54, said recently.
“I was hoping to do more,” he said, laughing. “I wanted to do a million my first year. It’s a tough market to break into. People think, ‘Oh, cannabis, oh, you’re in the right industry. It’s gonna be easy money.’ Far from the truth.”
The second, a website called CannaFo, a play on...
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