Herald Business Journal A7
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THE DAILY HERALD
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WWW.HERALDNET.COM
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TUESDAY, 07.21.2015
EdCC to offer class on pot business Herald Business Journal LYNNWOOD — Edmonds Community College plans to offer in August a one-day, eighthour class on marijuana business license and law. The class will take a legal look inside Washington’s emerging
marijuana business industry, which includes the licensing process, contract law, and federal law versus state law issues. The class also promises to explore medicinal marijuana, packaging, taxation, edibles, oils, limits on advertising and child protection, and the history as to why this plant became illegal.
The class will be led by Everett attorney Merwin Moe Spencer, who is the principal attorney of Spencer Palace Law Office. Spencer focuses on representing marijuana growers and processors. In addition to marijuana law and licensing, Spencer takes on select cases dealing with civil
rights, protest law, criminal law, defending termination of parental rights, juvenile and restorative justice laws. The class will be offered for one credit and will be held from 8:30 a.m. to 6 p.m. Aug. 1 at the college. Enroll now to register for this class at www.edcc.edu/es/apply.
Pizzeria follows customers north By Jim Davis Herald Business Journal
LYNNWOOD — Zeeks Pizza opened in Lynnwood this week in a restaurant designed to have the feel of a public house with all craft beer and ciders on tap. It’s the second location for the Seattle-based pizza place in Snohomish County. Zeeks Pizza already has a site in Bothell. The move to the north end of the Puget Sound region has a lot to do with following their customers, said Tommy Brooks, director of operations for the business. “There’s a lot of people from the Seattle proper area moving up to this area,” Brooks said. “A lot of those people are looking for food and drinks they grew accustomed to in Seattle.” The restaurant at 4309 196th St. SW will employ about 40 to 50 people, Brooks said. The pizza place started in 1993 in the Queen Anne neighborhood of Seattle. Founders Tom Vial and Doug McClure took a small loan from one of their dads and started with a take-and-bake pizza company. The company expanded to offer cooked pizza including vegetarians pizzas, unusual at the time, and other uncommon combinations like the Thai One On pizza with chicken, bean sprouts, carrots and a peanut sauce. In their early days, Zeeks Pizza delivered some pizzas by skateboard. The company has
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Zeeks Pizza this week opened a restaurant in Lynnwood, the pizza place’s second Snohomish County location.
grown to 13 locations. Lynnwood seemed like a good fit for the business, because the community needs more alternatives to the national chain delivery pizza places, Brooks said. The Lynnwood location will deliver in an area roughly between 228th Street SW to the south and 148th Street SW to the north and Puget Sound and Edmonds Way on the west and I-5, I-405 and the Zeeks Bothell boundary along Locust Way and Logan Road to the east.
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biz bits
Labor group pulls invite for Inslee speech The state’s largest labor organization has canceled a speaking invitation for Gov. Jay Inslee due to lingering tensions over Boeing tax breaks and a worker pension freeze. The Seattle Times reported that the Democratic governor had been set to headline the Washington State Labor Council’s annual convention Thursday in SeaTac. Council president Jeffrey Johnson said he told Inslee it would be better if he didn’t speak after talking with other union leaders. Johnson said feeling are “pretty raw” in the labor community over the governor’s role in securing Boeing’s $8.7 billion tax break during a special session in 2013. Members also resent his pressure on the Machinists union to vote on a contract in 2014 that froze the company’s traditional pension. Inslee spokesman David Postman said the canceling the governor’s speech was Johnson’s decision. He said the governor respects the council and its leader works closely with them on many issues.
Price of gold falls to lowest level in 5 years In the restaurant itself, the business aimed for a public house feel where the community can get together over pizza and enjoy a wide variety of beers including exclusive to Zeeks brews like Reuben’s Hop Tropic from Ballard. The restaurant will also offer Lynnwood’s Big E Root Beer on tap. And the restaurant will offer wine from Washington and Oregon boutique wineries on tap as well. In keeping with the public-
house theme, Zeeks will offer growlers for all of their beers. The one thing that the business can’t do is deliver a growler with the pizza. Currently, state liquor laws prohibit the delivery of beer. And that’s something that Zeeks Pizza hopes to lobby to get changed in the future. “We currently cannot, but we’re digging deep with the (Washington State) Liquor Control Board,” Brooks said. “We’d love to be the first to do that.”
For financial freedom, reading is fundamental n 1966, Margaret McNamara brought a bag of used books to four boys she was tutoring in reading in Washington, D.C. She allowed each child to keep one, and they were delighted. Her giving soon developed into a program that would eventually bring books to millions of children nationwide: the “Reading Is Fundamental” program. Since I started writing a column, I’ve tried to do something similar, except my mission is to get people to read more about personal finance. I started the monthly Color of Money Book Club to spotlight interesting books that can help you become better money managers. I believe that reading is fundamental to financial freedom. And by that, I don’t mean showing you how to get more money to buy more stuff. Financial freedom comes down to what my grandmother Big Mama would say: “It’s not how much you make that matters. It’s how you make do with what you have.” I understand that some of you don’t make enough and are struggling to make ends meet. Many of you are in the middle, making enough to save, invest, take vacations or even splurge every once in a while. Or you might earn so much that you have lavish lifestyles with few, if any, financial concerns.
BRIEFLY
MICHELLE SINGLETARY But no matter where you fall financially, you have to keep up with your knowledge of money. You also have to contend with people who are constantly figuring out new ways to separate you from your hard-earned money. This month, for the Color of Money Book Club, I’m not selecting a book but recommending that for the rest of July you carve out time to read some free personal finance resources online. So you’ve got a summer assignment. Check out the resources on the following three topics, and then I want to hear from you. Tell me how the information helped (or didn’t). You can email me at colorofmoney@washpost.com. Or send me a tweet, @SingletaryM. Raising money-smart kids. Parents and guardians are always asking me how to teach their kids about money. Right now, there are thousands of young adults preparing to head off to college. Help equip them with some
At the Edge of Amazing, a Community Health Summit, is scheduled from 8 a.m. to 4:30 p.m. Thursday at Xfinity Arena in Everett. Speakers include Blue Zones co-creator Tony Buettner among others. Gov. Jay Inslee and more than 50 organizations, representing at least 50,000 people in Snohomish County, will sign a public pledge to
knowledge that will save them some financial heartache. Check out the “Money Smart” guides and curriculums recently created by the Federal Deposit Insurance Corp. in partnership with the Consumer Financial Protection Bureau. The guides and curriculum, available in English and Spanish, are a series created for four school ranges — pre-K-2, 3-5, 6-8 and 9-12. The last one is also targeted to young adults ages 18 to 20. The guides are prepared for parents and guardians. And the curriculums are more targeted to teachers. Parents and guardians can find a quick link to the guides, which include money activities, at www.consumerfinance.gov/parents. Educators can download curriculums for the classroom or a workshop at www.fdic.gov/moneysmart (there are links to the guides here as well). There are classroomready presentation materials, including PowerPoint slides, for the appropriate age or grade. In the curriculum for grades 3 to 5, one suggested activity is to play “I Spy.” To your child, you might say, “I spy something square.” (It’s the TV.) After the correct item is guessed, you’re instructed to talk about whether it is a need or a want, and explain why. There is so much information in the guides, including words the children and teens need to know. You’ll
improve nutrition and activity levels countywide. Go to www. economicalliancesc.org/events/ edge-of-amazing/ for details.
Food Bank. The event is open to the public. Each person may bring three boxes of documents for shredding.
WSECU is hosting a free Shred & Share event from 10 a.m. to 1 p.m. Saturday at WSECU’s Everett branch at 404 128th St. SW. It will also be a community donation drive for Everett
A free event for entrepreneurs, artists, inventors and other small business people to learn about crowdfunding is available Saturday at Edmonds Community College in Monroe Hall.
find recommended conversation starters about money. Cybersecurity.We keep so much of our personal business on our smartphones and computers. But are you doing all you can to protect that information? OnGuardOnline.gov is a site where you’ll find information about securing your devices, avoiding scams and shopping smart. It’s managed by the Federal Trade Commission in partnership with several other federal agencies. To supplement the reading material, there are some games that you and your children might like. I recommend these two: “The Case of the Cyber Criminal” and “ID Theft Faceoff.” Investor protection.So many people think that investment fraud can’t happen to them. But it can. The U.S. Commodity Futures Trading Commission has created “SmartCheck,” a campaign to help investors help themselves. On smartcheck.cftc. gov, you’ll find links to check credentials of certain investment professionals. Start first with the “Resources” section. There are a series of videos you should watch that illustrate pitches you might hear on TV or at a party or cookout. If you truly want financial freedom, become informed. And read. Washington Post Writers Group
Learn the 10 key elements of running a successful crowdfunding campaign. Seating is limited. Please pre-register for this free event by going online at www.nwirc.com/events. Biz Bits runs Monday through Saturday. Send your business news and high-resolution photos to businessnews@heraldnet.com.
Investors are running out of reasons to own gold. The price of the metal, which is often seen as a hedge against inflation and a weak dollar, slumped to its lowest in five years Monday. The dollar has rallied in recent months, diminishing the allure of holding gold. The U.S. economy has been on firmer footing, and tumult in China’s markets and Greece’s debt crisis have failed to restore gold’s appeal as a safe haven. On Monday, the price of gold sank another $25 to $1,106 an ounce. That’s about 40 percent below its recent peak and the lowest price since March 2010.
Rates rise at U.S. Treasury meeting Interest rates on short-term Treasury bills rose in Monday’s auction with rates on three-month and six-month bills reaching their highest levels since March. The Treasury Department auctioned $24 billion in three-month bills at a discount rate of 0.030 percent, up from 0.015 percent last week. Another $24 billion in six-month bills was auctioned at a discount rate of 0.135 percent, up from 0.100 percent last week.
Photo sites offline in wake of possible hack The online photo websites of Rite Aid, CVS, Costco and WalMart Canada remain offline in the wake of a possible data breach at the company that hosts all four sites. The companies say their photo sites remain shut down as a precaution. All four sites are administered by Canada-based PNI Digital Media, which is owned by Staples Inc. Late last week, Staples acknowledged that PNI was investigating a potential credit card data security issue, but wouldn’t say how many companies or people could be affected. All four firms said that their other websites aren’t affected by the possible hacking. From Herald news services
Amazon . . . . . 488.10 5.09 Boeing . . . . . . 146.69 -0.15 Costco . . . . . . . 145.04 0.36 Crane . . . . . . . . 57.79 0.36 FrontierCom . . . . 5.01 -0.13 HeritageFin . . . 18.47 0.21 HomeStBnk . . . 23.97 0.59 Microsoft . . . . . 46.92 0.30 Nordstrom . . . . 78.89 0.23 Paccar . . . . . . . . 64.89 0.41 Starbucks . . . . . 56.21 0.52 T-Mobile . . . . . . 38.08 0.06 WshFederal . . . 23.83 0.21 Zillow . . . . . . . . 80.78 -2.49 Zumiez . . . . . . . 26.29 -0.04 Market report, A8