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Nevada runs out of legal marijuana

by | 13th, July 2017

 

It was good plan until it wasn’t. Forbes reports on a problem with marijuana in Nevada: “Woeful Government Incompetence – Nevada Running Out Of Legal Pot.”

This is what happens when you regulate the distribution of weed but don’t sort out who can and cannot legally distribute the stuff.

Fortune:

Dispensaries in Nevada are facing a pot shortage and lost sales could result in less funding for the state’s schoolchildren. Recreational pot is taxed at 33% to 38%, depending on local regulations. A 10% sales tax goes to the Nevada’s rainy day fund, but a 15% cultivation tax on cannabis sales goes to the public education budget.

USA Today:

Nevada dispensaries licensed to sell recreational marijuana are running out of pot less than a week after the legal market came to life, according to the state Department of Taxation.

On Friday, taxation officials announced that Gov. Brian Sandoval had endorsed the department’s “statement of emergency,” allowing state officials to consider adopting an emergency marijuana regulation that could alleviate the shortage.

In short: criminals are best are selling weed.



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