Nevada Sells Out Of Legal Weed

Less than two weeks after sales of recreational marijuana kicked off in Nevada, stores are running out of pot to sell, according to the state’s Department of Taxation.

On Friday, Gov. Brian Sandoval endorsed the department’s call for a “statement of emergency,” which would allow for more licensed distributors.

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There were 50 Dispensaries in the state that have licenses to legally sell recreational marijuana. However those retailers do not have the legal right to re stock there own inventory. Only wholesalers of alcohol have the exclusive rights to move marijuana from growers to retailers in Nevada, as part of a temporary court order.

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Nevada is the only state with legal marijuana that has such an arrangement.

As of Friday, the Department of Taxation had issued zero distribution licenses to alcohol wholesalers, because of incomplete applications and zoning issues, the Reno Gazette-Journal reported.

Dispensaries started selling the marijuana they had in stock on July 1. Several establishments had expected to run out in the coming days.

A statement of emergency could bring relief. The regulation would allow the department to issue distribution licenses to a larger pool of applicants, including those outside the alcohol business. The Nevada Tax Commission is expected to vote on the regulation on Thursday.

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The state of Nevada should have no problem finding dispensaries that would want to sell recreational marijuana. I would assume there is a line up of people/store owners who would love to have the chance to sell. I believe there was 50 licensed who were given the opportunity, I imagine that the others on the list are still waiting anxiously.

Stephanie Klapstein, a spokeswoman for the Department of Taxation, told the Reno Gazette-Journal that a collapsed marijuana market would have far-reaching consequences. A 15% tax on the cultivation of marijuana generates revenue that the state spends on public education.

“A halt in this market will lead to a hole in the state’s school budget,”

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Marijuana Aims To Take Less Than 1 Percent Of Canadian Alcohol Sales

The recreational marijuana industry is expected to take a sip of less than 1 per cent initially out of annual Canadian alcohol sales once it becomes legal.

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A business consulting firm in New York, says the legalization of Marijuana would take $160 million out of the country’s $22.1 billion booze industry, rising as use of the drug expands.

While there are numerous unknowns governing the sale of marijuana, A Business consulting Firm based its projections on alcohol sales in U.S. states that have legalized the drug. It also took into account a lot of factors in Canada including spending patterns, income and demographics.

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The beer market, which is worth about $9.2 billion, is anticipated to take a $70-million hit from in the first year of marijuana legalization.

A Deloitte report has estimated that the Canadian market for marijuana could be worth up to around $22.6 billion a year, including about $4.9 billion to $8.7 billion from the sale of the substance, with the rest coming from the ancillary market including growers, testing labs and security.

In a report released last month, Azer said just under 82 per cent of 18- to 29-year-olds in Ontario consumed alcohol in 2015, down 5.5 percentage points since 2008, while marijuana use has been steady at around 34 to 36 per cent.

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The introduction of Marijuana being legalized will hopefully divert the public away from booze a little more. The only reason that is a concern to me is the stats that show the affects of living between the two. It is shown that alcohol does way more damage then Weed. There are more deaths caused by alcohol then Marijuana.

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This was in 2014 from the World Health Organization. Countries in Europe have already seemed to legalize or be less harsh on the laws. Countries like Spain and Portugal have started the trend with more hoping to follow.

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Nevada Can Begin To Sell Recreational Marijuana Early

Nevada is about to get a whole lot more sweet and HIGH! With the legalization of Marijuana slowly looming over the nation, licensed medical marijuana dispensaries in good standing with the state of Nevada can begin selling marijuana for recreational purposes as early as July 1, the state tax board voted Monday.

The Nevada Tax Commission voted and it was approved that temporary licenses for shops that qualify can start selling recreational marijuana as early as July 1 instead of January. Giving the state Department of Taxation time to test the regulations before the program goes into full effect in 2018.

Marijuana retailers must have state and local licenses to operate. Most Nevada counties have yet to approve their own regulations for the Adult-use retail market. When it is done, adults in the state will be able to legally purchase up to an ounce of weed. The law in Nevada will also allow up to six Marijuana plants to be grown for personal use.

For all the people who have been waiting for the end of prohibition of Marijuana were concerned about the legalization of weed under President Trump. While he was running, Trump said he was supportive of medical marijuana “100 percent” and would respect states’ rights on the issue. But his selection of Jeff Sessions as attorney general, an anti-marijuana hard-liner, was troubling to those who favor progressive drug laws.

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Marijuana is the most common illicit substance in the U.S. and the amount of states that are joining the cult of legalizing marijuana is making our fight stronger. National support for legalizing the plant has dramatically risen in the last couple years. Reaching historic highs in multiple polls. However marijuana is still illegal in under federal law.

The laws in Canada are due to change on the Nations birthday of next year. Living in Vancouver, people are more excited then ever. Will it happen? You tell me…

https://www.marijuana.com/news/2017/05/nevada-early-start-program-regulations-approved-for-marijuana-sales/