Did Nevada’s thirst for tax revenue lead to recreational weed rollout stumbles?

Did Nevada’s Thirst For Tax Revenue Lead To Recreational Weed Rollout Stumbles?

Published: Jul 17, 2017, 11:12 am • Updated: Jul 17, 2017, 12:40 pm By Amy Westervelt, Special To The Washington Post RENO, Nevada – Nevada’s fast-developing experiment with legal sales of recreational marijuana was an instant hit, and the Fourth of July weekend gave the Silver State a taste of the green rush. In the first few days of sales, dispensaries reported more than 40,000 recreational transactions, a push that created two situations here: A rudimentary distribution system meant there wasn’t enough marijuana to stock the shelves, and high demand confirmed state officials’ sense that weed sales could help bolster state coffers. The lack of product was due to a distribution problem the state discovered at the last minute and didn’t solve before sales were allowed July 1. Although state revenue projections estimated that the burgeoning marijuana industry could provide an extra $100 million to the budget during the next two years, the state rushed to get it on sale without...

See Article on The Cannabist HERE