Indopedia All Things Marijuana
Nevada’s potential marijuana drought has been resolved.
Under Nevada’s voter approved marijuana law, alcohol distributors were initially given an 18-month monopoly on the transportation of all recreational cannabis. Creating a palpable panic across the Las Vegas Valley and causing a shortage of recreational products, the state has now issued two marijuana distribution licenses.
Nevada, which officially rolled out a recreational marijuana program on July 1, sold approximately $3 million in recreational products over the extended holiday weekend. Initially great news for the state’s coffers – raising approximately $500,000 in new tax revenue – the state’s lack of planning for adequate distribution quickly created a conundrum for dispensaries – a lack of cannabis products.
Thankfully, the looming shortage of edibles, concentrates, and even flower was short-lived.
State regulators, caught off-guard, agreed on emergency procedures that will facilitate a streamlined licensing process for Nevada’s recreational distributors.
The Reno Gazette Journal is reporting that Rebel One and Crooked Wine Company were awarded Nevada’s first marijuana distribution…
