Marijuana was finally legalized in Nevada on July 1st of this year. The sales have been skyrocketing every since for dispensaries, which is making the supply for weed go down and the demand at an all time high. The Department of Taxation recently released a “State of Emergency”, and even supported by Governor Brian Sandoval. According to USA Today the department is also looking into having a meeting vote on weed regulations.
Weed was technically legalized in November, which gave alcohol companies were given first dibs on selling weed for the first 18 months in of the agreement. According to the executive director, Deonne Contine, the zoning, incomplete applications and many other preexisting terms pushed back this venture:
“We continue to work with the liquor wholesalers who have applied for distribution licenses, but most don’t yet meet the requirements that would allow us to license them. Even as we attempted to schedule the final facility inspection for one of the applicants this week, they told us their facility was not ready and declined the inspection. As of mid-day Friday, not one distribution license has been issued,” Spoken by Stephanie Klapstein, a representative of the department.
Dispensaries had made a whopping 3 million estimate while tax to the government went back through 1 million in tax revenues. The money creates a market that helps Nevada’s economy, which can also benefit schools, employment, infrastructure, rainy day funds and more.
“Unless the issue with distributor licensing is resolved quickly, the inability to deliver product to retail stores will result in many of these people losing their jobs and will bring this nascent market to a grinding halt. A halt in this market will lead to a hole in the state’s school budget,” Klapstein later stated.