With other states trying to find any way in their power to delay voter-approved legalized cannabis sales, it looks like Nevada consumers will officially be able to make purchases on July 1 — and they better buy in bulk because there’s no restock in sight.
Nevada Governor Brian Sandoval signed an emergency regulation on Thursday that ensures existing medical marijuana dispensaries will be permitted to sell off their remaining inventory of cannabis products to adults over the age of 21 beginning on July 1.
When Nevada voters passed Question 2 in November, they accepted a portion of the measure that gives alcohol wholesalers exclusive distribution rights during the first 18 months of adult-use marijuana sales. In other words, only alcohol distributors can transport cannabis products from suppliers to retailers during this period.
Only five alcohol distributors submitted applications for cannabis licenses, and the Nevada Department of Taxation, who oversees the state’s legal cannabis market, did not deem any one of the five applications complete or ready for approval. The Tax Department wanted to open up the licensing process to already-established cannabis…