State of Emergency Declared in Nevada: They Smoked All the Weed Thor Benson July 12, 2017 Featured, Politics, Recreational Cannabis, The Business Side Of Recreational CannabisNevada is currently in a state of emergency. No, it’s not a zombie apocalypse, a nuclear meltdown or a massive sandstorm. The state is nearly out of recreational marijuana to sell only about two weeks after it started selling recreational weed.Nevada’s Department of Taxation called for a state of emergency over this issue, and Gov. Brian Sandoval endorsed their call. That doesn’t mean what you think it does, most likely, it just means that the state is going to start allowing more producers to get licensed so there will be more cannabis available for sale.“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. Some establishments report the need for delivery within the next several days,” taxation department spokeswoman Stephanie Klapstein said in a statement to the Reno Gazette-Journal.As Newsweek has noted, it’s pretty common for a state to start running low on marijuana shortly after it starts selling it, based on what we’ve seen in other recreational states. The Las Vegas Sun reports that in only four days, Nevada made half a million dollars in tax revenue from marijuana out of the roughly $3 million it sold in that time. There were reportedly over 40,000 marijuana sales in the state’s retail stores in the first weekend.Considering Las Vegas and Reno are known as places where people tend to indulge in mind altering substances, including alcohol, it shouldn’t be too surprising that there was a lot of demand for recreational marijuana. With all those sales happening and all that tax money coming in, it looks like the cannabis industry in the state is going to have a major impact on its economy and its ability to invest in its communities. In the mean time, I have to imagine those looking for marijuana while there isn’t much around will be experiencing some fear and loathing.[Photo via KOMUnews/Flickr] Leave a Reply Cancel ReplyYou must be logged in to post a comment.