Thursday, 27 July, 2017

A Week After Legalization, Nevada Weed Dispensaries Are Already Sold Out

Nevada Regulators Will Consider Emergency Pot Distribution Rules Nevada Governor Endorses Emergency Measures to Fix State's Cannabis Shortage
Edmund Wade | 12 July, 2017, 00:16

With millions of dollars of tax revenue at stake, the tax authority warns that the failure will "lead to a hole in the state's school budget", which didn't seem to be a problem before the state legalized marijuana.

About a week after Nevada dispensaries began selling legal marijuana, the state's government is considering emergency legislation to address a shortage of weed.

Nevada is the only state with legalized marijuana that has such an arrangement. Its voters legalized recreational marijuana use in November and come next January 1 you will be legally allowed to buy marijuana in cities where it's allowed.

At the crux of the issue is the number of dispensaries that are licensed to distribute the stuff: Though there are nearly 50 who are licensed to sell it, they can't restock their inventory without distributors. Medical marijuana distributors now can not provide recreational marijuana to dispensaries, but if the emergency regulation is adopted, Segerblom said, that will be "fixed in a second". The Nevada Department of Taxation has issued a Statement of Emergency as the marijuana industry is in danger of collapsing.

Nevada officials may have underestimated the high level of anticipation for the state's new recreational marijuana law, because in its second weekend after launching the adult-only program, Nevada almost ran out of pot. Dispensaries were granted a one-time permission to use their medical marijuana to sell opening weekend, but after that, liquor distributors had exclusive rights to supply marijuana to dispensaries for the first year and a half of legalization.

And many are seeing a dwindling supply of their product as medical dispensaries have to receive all their product from a distributor licensed to transport recreational pot. Seven liquor distributors have applied for licenses so far, but none have been approved to resupply the state's recreational dispensaries.

The Nevada Department of Taxation plans to vote on the plans through an emergency measure on Thursday. However, the Nevada Dispensary Association has already estimated that dispensaries made around $3 million and the state around $1 million in the first four days of business. "Even as we attempted to schedule the final facility inspection for one of the applicants this week, they told us their facility was not ready and declined the inspection", tax department spokeswoman Stephanie Klapstein said.

The distribution crisis, however, has been caused by a legal spat brought about by Nevada's liquor industry.

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