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March 9, 2015
Jay Reich quoted in Seattle Times article on North Bonneville’s first government-owned pot shop
“North Bonneville, Washington, will become the first government in the nation, and perhaps the world, to own its own marijuana store.”
“For North Bonneville, it’s been a long journey. The town had to create a separate government offshoot, the North Bonneville Public Development Authority (NBPDA), to operate the store. The agency’s structure is similar to Seattle’s Pike Place Market Preservation and Development Authority.”
“Creating a public-development authority “allows the city to do something a little more entrepreneurial,” said Jay Reich, an attorney at Pacifica Law Group who often works on public/private partnerships. It could be lucrative for the town.”