A Week After Legalization, Nevada Weed Dispensaries Are Already Sold Out

Currently, the Nevada Department of Taxation says that there are 47 retail marijuana stores that are licensed to sell recreational marijuana across the state.

Its voters legalized recreational marijuana use in November and come next January 1 you will be legally allowed to buy marijuana in cities where it's allowed.

The state appealed the decision to the Nevada Supreme Court. But as of Friday, no wholesalers had been granted licenses to distribute pot because "most don't yet meet the requirements that would allow us to license them", Department of Taxation spokeswoman Stephanie Klapstein told the Gazette-Journal.

The department issued a "statement of emergency", which means state officials could adopt emergency measures to combat the shortage. The rule aims to "promote the goal of regulating marijuana similar to alcohol" - and protect liquor stores from losing business as the demand for recreational marijuana rises. Not because of hospitalizations or crime, but because the state is running out of medical marijuana to sell on the legal market.

It would allow a larger pool of applicants for distribution licenses to be considered, permitting the transport of weed from cultivation and packaging facilities to the dispensaries.

Some dispensaries need new shipments of product asap, but logistical issues have thrown a major wrench in distribution. The department opened applications to marijuana businesses earlier this year, but a judge shut it down, siding with alcohol distributors.

State officials will vote on the regulation on Thursday.

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Deonne E. Contine, executive director of the state agency, wrote in the state of emergency declaration that the industry would be unable to function "unless the issue with distributor licensing is resolved quickly".

Nevada legalized the sale of marijuana for medical purposes in 2001.

In Nevada, the state dispensary association estimated customers bought between $3 million and $5 million worth of pot in the first four days. Since November, the state has received seven applications from liquor wholesalers.

Marijuana business in Colorado is so successful that it is a billion dollar industry there.

The department is also continuing the process of asserting its rights through the Court.

Weed and weed products in Nevada are taxed at about 33 percent, with 15 percent for schools, 10 percent for a rainy-day fund and an 8 percent sales tax that's divided between state and local government.

  • Myrtle Hill