Nevada Declares 'State of Emergency' Over Legal Pot Shortage

Proponents of the emerging pot-for-pleasure industry want to grab a share of the nearly $2 billion tourism business in Sonoma County with events like dinners that incorporate marijuana

Governor Brian Sandoval has even supported the state's Department of Taxation "statement of emergency" and the department's plan for a "emergency marijuana regulation", according to USA Today.

Fox News is reporting that the Nevada Tax Commission is concerned many stores legally selling recreational marijuana are running critically low on stock. Lawful distributors can't get the product to the stores quickly enough The emergency action being contemplated is a relaxation of the rules that will allow new distributors to participate in the marijuana market, rather than only the now approved liquor distributors. A legal battle has been going on over wholesale licensing, and there are not enough wholesalers to support the 47 state licensed dispensaries. "This is a game-changer for Las Vegas and tourism here as far as I'm concerned".

That's the big "if". Well, when you consider that the state anticipates collecting at least $70 million in recreational marijuana taxes in the first two years, then you understand the urgency.

Some dispensaries need new shipments of product asap, but logistical issues have thrown a major wrench in distribution. He said that's seven or eight times the usual business of 100 to 150 medical buyers per day.

"The line is out the door and the line just doesn't stop", Fasano said. The state faces problems with growing cycles and crop shortages making things hard for the distributors, too, but that's a story for another time.

Florida beachgoers form 80-person human chain to save drowning family
If you are looking to see some good in the world, The Panama City News Herald has a photo that will give you hope, 80 times over. Simmons' husband and other men then began forming a human chain to rescue those who were trapped out in the rip current.

Two small steps to get ahead on Amazon Prime Day
Fashionistas can also look forward to heavily-discounted designer items from the likes of Calvin Klein, Tommy Hilfiger and Gant. July 11 is to be the Prime Day declared by the Amazon , but it's already evident the savings will kick off earlier this year.

Amazon is raising an army of geeks to install your smart home
Amazon is aiming to win the smart home revolution, so it wants to make installing its assistant, Alexa, as easy as possible. You can use Apple's website to find a local Apple Consultants Network member to help, assuming you've heard of the program.

Nevada is on the verge of approving emergency regulation to counter a marijuana shortage, just one week after the drug was legalised.

The department attempted to rectify the problem by allowing businesses that transport medical marijuana to distribute, but a last-minute court battle kept that right exclusively to the wholesale alcohol distributors.

Department of Taxation spokeswoman Stephanie Klapstein said a collapsed marijuana market could jeopardize the collection of tax revenue that the Silver State spends on public education. Last month, a Carson City judge ruled in favor of the liquor distributors, giving them the exclusive right to transport recreational weed from the farms to the stores.

But the licensing process has been slow and fraught with legal challenges. That pace created a shortage within 10 days, and now dispensaries have run out of cannabis for sale.

Related:

Comments

Latest news

Military plane crashes in Miss., killing at least 5 aboard
No Cherry Point Marines were on the KC-130, according to Mike Barton, Cherry Point Director, Joint Public Affairs Office. The cause of the crash was not immediately known and the identities of those killed were not immediately released.

A Cup of Coffee A Day Keeps the Doctor Away
The researchers also discovered a link between higher coffee consumption and lower risk of early death by lung cancer in men. However, Gunter added that it would be a surprise for him if coffee was not the reason for lowered risk of death .

Wrestler Alberto Del Rio Part Of Police Investigation Into Possible Domestic Violence
Alberto's then-wife, Angela Velkei, has claimed in divorce papers that she and her husband broke up two weeks later. It sounds like Del Rio dares her to call the cops, to which Paige responded, "Just stay out of my life".

Street Projections and Growth Recap for Digital Realty Trust, Inc. (NYSE:DLR)
Symons Mngmt Inc invested 0.07% in First Potomac Realty Trust (NYSE:FPO). (NYSE:FR). 3.22M are held by Northern Tru Corp. On average, equities analysts predict that First Potomac Realty Trust will post ($0.08) EPS for the current year.

Kellyanne Conway defends previous denials that Trump's team had contacts with Russian Federation
They include Attorney general Jeff Sessions , and Trump's former national security adviser, Michael Flynn . It quickly became clear that she had no meaningful information. "That's the bottom line".

Google Home calls authorities, saves woman from being killed
He was ordered held without bail on charges that include possession of a firearm, aggravated battery and false imprisonment. The call operator who picked up the call, after hearing the duel in the background dispatched a SWAT team to the venue.

Martial law to remain in Southern Philippines
Alvarez's remarks that the Speaker has "clarified that his remarks to extend martial law until 2022 is his personal opinion". The Philippines Constitution stipulates martial law can be imposed for 60 days, unless extended by the Congress.

Bach says International Olympic Committee faces 'important' decisions on 2024, 2028 Games
The Paris 2024 team was due at the museum later Monday evening, led by French President Emmanuel Macron. Report author Didier Cossin says the IOC's solid reputation as a sports leader is "can be strengthened".

GST: Gifts by employer up to Rs 50000 exempt
CBEC has launched the GST rates mobile app with the key goal of facilitating the ease of doing business in India initiative. At the portal, a taxpayer can search for applicable CGST, SGST, UTGST rate and the Compensation Cess on a particular supply.

Mosul completely liberated from Daesh terrorist group
The fighting also involved fighters of the Kurdish Peshmerga, Shiite militias and Sunni Arab groups. Abadi declared on Twitter late last month that "we are seeing the end of the fake (IS) state".

Europe Ready to Battle With Trump Over Steel Threat
His point was that it doesn't make sense to talk about bilateral trade deficits in a multilateral world, the official said . President Donald Trump's concerns about excess steel capacity and what he says are unfair trade practices.

India aim to dominate W.Indies in one-off T20I
The crowds came out in big numbers and the smile on their faces does it for us. I gave an incentive that whoever gets a fifty gets half my match fee.

UNESCO Declares Hebron a 'World Heritage Site' for Palestinians
Palestinians have long lived under harsh restrictions in the city, which is one of the starkest symbols of the Israeli occupation. For Muslims, the city is home to the Ibrahimi mosque , also known the Sanctuary of Abraham , which was built in the 14th century.

Froome still on top at Tour de France
Twice former victor Alberto Contador was one of the big losers on the day from the 181.5km stage from Nantua to Chambéry . Although the group went with Aru, they neutralised the Astana rider, and allowed Froome to get back into the group.

Celtics trade Avery Bradley to Pistons for Marcus Morris
He shot 39 percent from the 3-point line on 5.0 attempts per game and is considered one of the league's top perimeter defenders. Bradley's contract was up after this year, and the Celtics likely would have lost him to free agency for nothing.

Other news