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Transcripts for CNN CNN Newsroom With Carol Costello 20140708 14:51:00

we actually have a line developing at the store already. there have been people who have been waiting in line since last night. we had ten pounds of marijuana delivered this morning, that s 2,200 individual two gram packages so we have plenty, plenty for today. so there is plenty for today but i just mean that you are probably going to run out, right? well, in reality the demand isn t quite where the supply is. eventually, but we are actually not going to run out today. okay. because there are so many packages, it s going to take most of the day to get through much of it. okay. i meant the supply isn t where the demand is because i know that there may be a little bit of a shortage. dominic, this is interesting. so many folks have applied but only 24 licenses. why is that? with respect to the retail geography, that s really not part of the shortage.

Transcripts for CNN CNN Newsroom With Carol Costello 20140708 14:50:00

open for business. in less than an hour, the first retail marijuana shops will open in washington state. might be a shaky start, though, for places like cannabis city in seattle because of a shortage of pot. washington state voters approved recreational marijuana sales back in 2012, making it the second state to legalize the drug after colorado. there have been thousands of marijuana retail applications so far but only 24 licenses have been granted and about a half dozen stores are expected to open today. one of those stores is cannabis city in seattle and store owner james lathrop joining me along with dominic corva, executive director for the study of cannabis and social policy. i will start with you, james. what are you expecting here today, a slow start? it is not going to be a slow start. no?

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