Local bans try to put lid on Washington state pot shop investors

"It's frustrating because of the uncertainty," said Brendan Kennedy, CEO of Seattle-based private equity firm Privateer Holdings. Arbormain, his firm's portfolio company, looked at two cities, Kent and Chehalis, to build a $20 million "cannabis business park" to lease to pot growing and processing businesses, with the potential of adding 200 jobs over time.

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