Nevada Sells $3 Million of Recreational Marijuana in First Four Days

Nevada dispensaries are running out of product. Governor Sandoval declared a marijuana state of emergency and has endorsed the statement of emergency from the Department of Taxation. Dispensary owners did stock up in advance, but the demand has exceeded the supply.

There were over 40,000 transactions at 47 recreational marijuana stores in the first few days of business, according to VICE News. The first four days of business tallied $3-million in recreational marijuana sales, as reported by Riana Durett of the Nevada Dispensary Association. Some dispensaries hiring new employees for the new market may have to let them go or close shop completely.

Sandoval said, “Unless the issue with distributor licensing is resolved quickly, the inability to deliver product to retail stores will result in many of these employees losing their jobs and will cause this nascent industry to grind at a halt.”

The Governor has proposed rules and the Department of Taxation will consider taking them up on July 13. Continuing legal debates from liquor distributors continue to cause trouble for the newly initiated industry.