Indopedia All Things Marijuana
When Nevada began early sales of recreational marijuana at the beginning of this month, long lines of excited shoppers formed outside of each of the state’s 47 open dispensaries, making around 40,000 retail transactions during the first twelve days of sales. However, the demand for legal weed was stronger than the industry expected, and dispensary owners soon found their supplies of pot running low. In order to address this cannabis shortage, the Nevada Tax Commission has approved emergency regulations to reopen distribution licensing.
“When businesses operate we get the tax revenue and that’s what the state wants,” Deonne Contine, director of the Nevada Department of Taxation, testified this week at a hearing on the licensing issue. “Without the ability to license marijuana distributors to continue the flow of product to a retail store, a high likelihood exists that consumers will revert to the black market. We need to do everything we can to get more distributors licensed so these businesses can continue operating.”
The path to recreational sales in the state has been rocky, as the state’s initial decision to allow medical marijuana dispensaries to begin early…
