Indopedia All Things Marijuana
In Nevada, recreational marijuana proved to be a bit hit as product flew off the dispensary shelves the first weekend in operation. More than 40,000 recreational transactions took place on the fourth of July weekend which left the new-to-rec-use state with a temporary shortage of cannabis.
Those involved in the marijuana program which officially opened July 1 say its a distribution problem that wasn’t remedied before recreational sales began.
You could blame alcohol distribution companies for the shortage. The new cannabis laws in the Silver State gave exclusive distribution rights to wholesale alcohol distributors for 18 months, but none of them had met the requirements for a license by opening day!
The state of Nevada estimates the revenue from their new green market could get them an extra $100 million to add their bottom lines over the next two years. Many say it’s the reason that the state foolishly rushed in to get the goods on sale.
The executive director of the Department of Taxation, Deonne Contine, said she’s determined not to let the money well dry up. As she said last week, “Dispensaries will run out of product — they’re already running out…
