By Michelle Goodman for Seattle Business Magazine

Here’s how they hope to profit—and what they stand to lose.

Jim Willett has never smoked pot. His teenage sons think he’s a square. A former Navy pilot, Willett spent a year flying drug interdiction patrols along the Washington coast, checking for ships carrying bales of marijuana. For the graying retiree, voting against the state’s legalization of recreational weed last fall was pretty much a given.

In January, Willett did an about-face. After learning about The ArcView Group, a San Francisco-based angel investment network for the marijuana industry, he signed on. “I was puttering around looking for things to do and this hit me like a lightning bolt,” says the 62-year-old Woodinville resident, who ran a waste recycling business for two decades. He has since invested more than $1 million in the legal weed market in Washington and Colorado. Think real estate, grow equipment, security systems, inventory tracking software and cannabis oil extraction devices—“basically, everything except the plant.”

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