Nevada's governor and the state's department of taxation have issued a "state of emergency" to create a structure for recreational marijuana regulations as many stores say they're running out of weed.
Much like my college apartment, Nevada considers running out of marijuana to be a state of emergency. "Some establishments report the need for delivery within the next several days", a spokeswoman for the Department of Taxation said.
Late last week, officials from the state's Department of Taxation made the surprising announcement that Gov. Brian Sandoval endorsed the department's "statement of emergency". 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. This was proven last Sunday night when marijuana was legalized, making it the fifth state to do so for recreational purposes.
A legal battle over distribution of pot for recreational use threatens to jeopardize the flow of supplies from growers and manufacturers to retailers in the coming weeks. These regulations will allow an increase in applicants for distribution and transportation licenses.
The Nevada Tax Commission is scheduled to vote on the emergency regulation Thursday.
Legislation gave liquor wholesalers the right to distribute, but most do not meet the licence requirements, Nevada's tax department is quoted as saying.
The state's powerful alcohol lobby was concerned that the pot sales would cut into liquor store revenue.
Nevada had previously tried to open up transportation licensing but lost a legal challenge from the state's liquor industry, which seeks to maintain the exclusivity that had been agreed a year ago.
The business owners in this industry have invested hundreds of millions of dollars to build facilities across the state. A proposal to open dispensaries to other businesses was put forward by the Department of Taxation in May, however it was rejected in court.
The state is set to earn millions from recreational marijuana sales, with an estimated 40,000 transactions taking place in the first week it went on sale.
"Without the ability to license marijuana distributors to continue the flow of product to the retail store, a high likelihood exists that consumers will revert to the black market", Contine said.
Reliance Jio has Launched New Data Plans for 4G and JioFi Users
The Rs. 4999 plan will now provide 380GB data for 210 days, modified from the 350GB data for 180 days validity. For post-paid customers, Jio launched a Rs 399 plan that offers about three months validity with 90 GB data.