Nevada’s new marijuana legalization law took effect on July 1st, with marijuana dispensaries opening up their doors for the first time. Within about a week, Nevada announced a state of emergency: they were out of weed.
The Nevada Department of Taxation announced this Friday that they needed to take emergency steps to ensure a steady flow of marijuana into their dispensaries.
Republican Gov. Brian Sandoval endorsed a “statement of emergency” from the department and is working on helping them get the marijuana they need to save jobs and businesses across the state.
The Daily Caller reports:
Advocates for Nevada’s marijuana industry say if the issue is not resolved quickly, jobs at small businesses across the state will be placed in jeopardy. The Nevada Tax Commission is expected to vote on the new measures as early as Thursday.
“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,” Stephanie Klapstein, a spokesman for the Department of Taxation, told USA Today. “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.”
The marijuana industry is off to a lucrative start in Nevada, raking in nearly $3 million over the first four days of legal sales.
Although Nevada has said it won’t post figures from marijuana sales until September, early reports show that in just a week, the state had already pulled in $1 million from legal marijuana sales, while the dispensaries have made about $3 million.
Early sales predictions are saying that Nevada is likely to make $30 million before the end of the year with marijuana sales.