It’s been less than a week since Nevada legalized the recreational use of marijuana and the dispensaries surrounding Las Vegas are already running out of weed. The odd development isn’t totally unexpected — Canada is considering how they can bolster their legal stash ahead of the country’s legalization in 2018, and Colorado went through these growing pains ahead of recreational legalization in 2013.
Since Vegas dispensaries opened their doors, they’ve been met with lines around the building and stacks on stacks of cash ready and waiting to be spent on buds.
According to The Nevada Dispensary Association, there has been near $3 million in marijuana sales in just a week, which translates to about a million dollars in tax revenue for the state. To put this in perspective, the man who championed the legalization, State Senator Tick Segerblom, said sales of recreational weed could generate at a minimum $60 million in revenue for the state over the next two years. It seems like he underestimated Vegas’ want for weed.
This has led to Governor Brian Sandoval endorsing a “statement of emergency” that will allow a “fast track approval process” for distributors. The Reno Gazette-Journal has reported that the Nevada Tax Commission will vote on the regulation Thursday, with department spokeswoman Stephanie Klapstein making a statement, or a plea, that they need more marijuana and they need it fast, lest an entire industry come to a sudden halt.