Nevada Declares Weed "State of Emergency" After Sales Exceed Expectations

'A halt in this market will lead to a hole in the state's school budget'.

About a week after Nevada dispensaries began selling legal marijuana, the state's government is considering emergency legislation to address a shortage of weed.

The objective of this arrangement is to "promote the goal of regulating marijuana similar to alcohol", and to help protect liquor stores from losing business as the demand for recreational marijuana rises, the Reno Gazette-Journal reported. "As of mid-day Friday, not one distribution license has been issued", Stephanie Klapstein, a spokesperson for the department, told USA Today.

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The law just went into effect on July 1 and consumers have been lining up around the clock for access to the freshly legalized intoxicant.

But a statement of emergency could help dispensaries restock their marijuana inventories.

Nevada officials may have underestimated the high level of anticipation for the state's new recreational marijuana law, because in its second weekend after launching the adult-only program, Nevada almost ran out of pot. The initiative authorizing the sales, passed in November, gave liquor distributors exclusive rights to transport product to dispensaries for the first 18 months of business.

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The new marijuana law, implemented on Saturday, contains a requirement that only Nevada's alcohol distributors can legally transport the product from cultivators to stores, known as dispensaries.

Also playing into the weed shortage is the fight between the state and Nevada's powerful liquor industry that sued the state to get a cut of the marijuana business.

On July 13, the Nevada Tax Commission will debate changing the licensing rules to open up the pool of applications that can distribute marijuana, after they make a determination of sufficiency.

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The state stands to earn millions from the sales of recreational marijuana, but the tax collection data won't be available for several weeks, according to the Associated Press. "Unless the issue with distributor licensing is resolved quickly", Sandoval said, "the inability to deliver product to the retail stores will result in many of these employees losing their jobs and will cause this nascent industry to grind to a halt". Allowing for rounding, that only accounts for about 15 percent of sales-which is the state excise tax on the first wholesale sale.

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