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While the recreational use of marijuana has only been legal in Nevada for a week, authorized dispensaries are already running out of weed.
With the legalization of pot going into effect July 1, many have been rushing to dispensaries trying to get their hands on marijuana. Sales are already estimated to have reached $3 million, a third of which will translate to tax revenue for the state.
Shortage - Taxation - Officials - Friday - Governor
And because of the shortage, taxation officials announced on Friday that Governor Brian Sandoval has endorsed the department's 'state of emergency' to fast track the adding of more recreational marijuana distributors.
It will be voted by officials from the Nevada Tax Commission on Thursday.
Reports - Marijuana - Sales - Industry - Expectations
'Based on reports of adult-use marijuana sales already far exceeding the industry's expectations at the state's 47 licensed retail marijuana stores, and the reality that many stores are running out of inventory, the Department must address the lack of distributors immediately,' said department spokeswoman Stephanie Klapstein.
'Some establishments report the need for delivery within the next several days.'
Pool - Applicants - Distribution - Licenses - Transport
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.
Back in November, when the state law legalizing recreational marijuana was passed, wholesale alcohol distributors were assured exclusive rights to transport wholesale pot for the first 18...
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