(TIML NEWS) Last Monday, Nevada became the fifth state in the country to wise up and began selling legal weed for recreational use. There’s only one problem: the state ran out of their legal weed supply in just four days. In response, Nevada Governor Brian Sandoval has declared a state of emergency.
This declaration allows the Department of Taxation to consider licensing more weed growers who would be able to meet the dispensaries’ demands. Currently there are only 47 licensed pot providers.
Department of Taxation spokesperson Stephanie Klapstein told the Reno Gazette-Journal, “Based on reports of adult-use marijuana sales already far exceeding the industry’s expectations at the state’s 47 licensed retail marijuana stores, and the reality that many stores are running out of inventory, the Department must address the lack of distributors immediately. Some establishments report the need for delivery within the next several days.”
In the first three days of legalization it’s estimated that the state brought in $1 million in taxes from weed sales, most of which will be going to help fund the state’s education system.
As a whole, dispensaries raked in over $3 million in the first week. One dispensary in Reno made $100,000 in the first 24 hours. The company’s three Las Vegas locations brought in about the same.
“It’s been gangbusters. It’s more than we expected,” dispensary owner Jeff Grossman told the Reno Gazette-Journal. “It’s already affected business, not being able to re-stock. This is the game we play, but at least they let us play.”
Nevada voted to legalize weed for recreational us last November but the state has allowed legal medical marijuana since 2011.
Here’s where weed legalization stands around the country. As you can see, there are many states that have made weed legal for medical uses, which is good, but it’s still not enough.