Nevada takes steps to end the great legal weed shortage of 2017

Nevada takes steps to end the great legal weed shortage of 2017

In the meantime, the state awarded distribution licenses this week to one alcohol wholesaler in Reno and one in Las Vegas.

A lawyer for a group of alcohol distributors who won the injunction blocking enforcement of the original regulation disagrees.

Many retailers were previously licensed to sell and distribute medical pot, so they started stockpiling supplies months ago in an anticipation of high demand for recreational marijuana.

Language in the legislation stipulated that for the first 18 months only liquor wholesalers were allowed to apply for distribution permits - a nod to the powerful alcohol industry, which is anxious about new competition from pot.

Following an overwhelming demand for recreational marijuana, Nevada regulators are set to vote Thursday on emergency rules that would expedite licensing for pot distributors.

But representatives of several of the 47 retailers now licensed to sell recreationally testified before the tax panel Thursday their shelves are almost empty because there's no distribution mechanism that allows them to restock.

He says any emergency that exists was created by state officials who want to push the alcohol industry out of the market. That is because very few liquor wholesalers have applied to become licensed marijuana distributors, and those that have made such application have failed to meet the requirements for licensure.

"There aren't enough alcohol distributors serving that market", Riana Durrett, executive director of the Nevada Dispensary Association, said at a hearing on the matter Thursday, the Los Angeles Times reported from Las Vegas.

Analysts Recommendation on Teekay Offshore Partners LP (TOO)
Finally, Jane Street Group LLC purchased a new stake in Teekay Offshore Partners L.P. during the first quarter worth $347,000. Its minimum price target estimates has been figured out at $6 while the maximum price target forecast is established at $15.

Contine said it's too early to tell whether the alcohol wholesalers will be able to handle the demand statewide.

A Carson City judge ruled last month that alcohol wholesalers have exclusive rights to distribute marijuana for the next 18 months.

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. "Crooked will have the license, but Blackbird will be in charge of the on-the-ground duties, according to Stephanie Klapstein, spokeswoman for the department".

The move comes as the state tax commission prepares to approve an emergency regulation to allow distribution licenses to be issued to some marijuana retailers in certain circumstances.

A bureaucratic bottleneck turned Nevada's recreational marijuana launch into a distribution disaster.

Dozens of retailers started selling recreational marijuana on July 1 but a unique state law could quickly dry up their supplies and lead to empty shelves.

In response, on July 7, Governor Sandoval endorsed emergency regulations that would give NDOT the authority to determine whether there are a sufficient number of marijuana distributors to service the market - a determination that would allow NDOT to open up distributor licensing to those other than licensed liquor wholesalers.

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