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.

Related News:

  • Dollar Tree Inc (NASDAQ:DLTR) Institutional Investor Sentiment Is 0.91

    It has underperformed by 13.10% the S&P500. (ANTM) by 26.12% based on its latest 2016Q4 regulatory filing with the SEC. Xact Kapitalforvaltning Ab cut its ownership by shedding 411 shares a decrease of 1.2% from 03/31/2017 to 06/30/2017.
    Carrick takes over as United captain

    Carrick takes over as United captain

    But he's a blast from the past at a club looking forward, with momentum on the field and in the boardroom. They did very well and played a good game. "The weather here will be a shock to Everton ".
    Fans 'disappointed' as Rahman croons non-Hindi songs : Wembley concert

    Fans 'disappointed' as Rahman croons non-Hindi songs : Wembley concert

    The fans from North India were reportedly upset that Ramhan opted to perform mostly Tamil Song. Rahman... very disappointed with the concert tonight (July 8) at Wembley".
  • SAP vows 'fully transparent' probe into alleged Gupta deal

    SAP vows 'fully transparent' probe into alleged Gupta deal

    Fox-Martin is now traveling to South Africa to address the concerns of customers, partners and employees. Two decades ago, he set up the new SAP subsidiary in South Africa.

    0.99 is Essex Property Trust Inc's (NYSE:ESS) Institutional Investor Sentiment

    Camden Property Trust earned a daily sentiment score of 0.09 on Accern's scale. 36 funds opened positions while 132 raised stakes. On June 30, 2017 the stock rating was changed to a "Neutral" by BTIG Research which was a cut from the previous "Buy" rating.

    Are Traders Shorting American Airlines Group Inc. (NASDAQ:AAL) Shares?

    Whereas the traders who further want to see about this, may be interested to see Price to next year's EPS that would be 39.28%. The airline reported $0.61 earnings per share for the quarter, topping the Zacks' consensus estimate of $0.57 by $0.04.
  • Darjeeling witnessing violent insurgency, Maoists from 'neighbouring' country, Bengal govt tells HC

    Darjeeling witnessing violent insurgency, Maoists from 'neighbouring' country, Bengal govt tells HC

    The hills saw the violence despite continued deployment of three columns of army in Darjeeling, Kalimpong and Sonada. Meanwhile, Darjeeling's tea planters have sought "financial support" from the central Government.
    Nawaz Sharif going to Jeddah; ticket leaked on Whatsapp

    Nawaz Sharif going to Jeddah; ticket leaked on Whatsapp

    The JIT team comprised members of civilian and powerful military bodies, including the Inter-Services Intelligence agency (ISI). The JIT probing the Panama Papers, in its report to the supreme court, accused Shairif's wife Maryam Sharif of forgery.
    AC Milan face Craiova in Europa League; Everton play Ruzomberok or Brann

    AC Milan face Craiova in Europa League; Everton play Ruzomberok or Brann

    Everton will face either MFK Ruzomberok of Slovakia or Norway's SK Brann in the third round of qualifying for the Europa League . Ronald Koeman's side will advance to the play-off round if they beat Brann or Ruzomberok.
  • IFP Advisors Inc Sells 741 Shares of Gilead Sciences, Inc. (GILD)

    Morgan Stanley reiterated an "equal weight" rating on shares of Gilead Sciences in a research note on Tuesday. The Rosenblum Silverman Sutton S F Inc holds 56,586 shares with $4.05M value, down from 65,122 last quarter.

    Avis Budget Group, Inc. (NASDAQ:CAR) Receives "Buy" Rating from MKM Partners

    The average 12-month target price among brokerages that have issued ratings on the stock in the past year is $34.00. Employees Retirement Association Of Colorado stated it has 17,365 shares or 0.01% of all its holdings.
    Turkish police detain producer of Erdogan film over Gulen links

    Turkish police detain producer of Erdogan film over Gulen links

    At least 260 people died when rogue soldiers bombed government buildings and drove tanks into civilians, the report said. We said that it was not necessary to hold it in Hamburg, we could do it in some other place but they did not allow it.

Most liked

Horse race bet with William Hill
How to place a bet To place your wager/bet, all you need is to provide the appropriate information to the ticket writer. Simply you just have to pay £1horse bet and you can easily watch the live horse racing broadcast on your device.

Applied Optoelectronics, Inc. (AAOI) Stock Rating Lowered by ValuEngine
The sales growth rate for a stock is a measure of how the stock's sales per share (SPS) has grown over a specific period of time. SG Americas Securities LLC bought a new position in Applied Optoelectronics during the first quarter worth about $196,000.

Kamal Haasan reveals name of the abducted Malayalam actress, NCW issues notice
Social media users are also concerned about the unparliamentary language used in the show. All of us will not allow it as it's our duty to see that you go out safely.

Turkey arrests 44 people in anti-terrorist operations
It handed down a jail sentence of three years and three months to the man, who was not named by the court. A total of 3,372 such cases were recorded, up 66.5% from 2015.

US Senate Obstructs 32 Key Trump Administration Nominees - White House
To hear President Donald Trump tell it, the slow start in filling out his administration is entirely the fault of Democrats. White House legislative affairs director Marc Short accused Democrats of thwarting the will of the American people.

K Leader Killed in Afghanistan
However, the group has shown resiliency. "There is no safe haven for ISIS-K in Afghanistan". Four other ISIS-K members were also killed in the strike, according the White.

Krispy Kreme celebrates 80th birthday with epic doughnut deal
HOT NOW SIGN Krispy Kreme's famous hot light lets you know when they've freshly made doughnuts. The first Krispy Kreme store was opened in 1937 in Winston-Salem, North Carolina.

Digest: Cotton-Moya on Thorpe list
Brown joins five other Hilltoppers on national watch lists as the preseason lists began to announce their early leaders on Monday. Thorpe excelled as a running back, passer and kicker on the offensive side of the ball, but also stood out as a defensive back.

WWE Has Decided To End WWE Network Weekly Show 'Talking Smack'
It will continue airing " Raw Talk " and " Talking Smack " as recap shows following each brand's respective pay-per-views. Talking Smack was a highlight of WWE's weekly programming, a fun after-show program that served several purposes.

Jefferies Group Analysts Increase Earnings Estimates for Amgen Inc. (AMGN)
The medical research company reported $3.15 EPS for the quarter, beating the Zacks' consensus estimate of $3.00 by $0.15. Analysts reviewing Amgen Inc . have recently updated their recommended buy/sell ratings and price targets on the stock.

After 4 young Pennsylvania men disappear, DA suspects foul play
Authorities in Bucks County , Pennsylvania say the body of one of four men who had been missing since last week has been found. Weintraub declined to discuss how the young man may have died, but assured reporters that his death was, indeed, a homicide .

CGI Group, Inc. (NYSE:GIB) Position Reduced by Goldman Sachs Group Inc
The company's current price-earnings ratio amounts to 32.93 times earnings, above the average P/E ratio of 24.49 times earnings. Equity analyst Macquarie started covering GIB with an initial rating of "Neutral" and setting a price target of $50.00.

3D-printed silicone heart beats like the real thing
The research team removed a heart from a rat and then employed a technique called 4-Flow cannulation to develop the mini heart. Having fabricated the heart, the structure was evaluated with the help of the Product Development Group at ETH Zurich .

Agreement Reached: Chelsea to sign La Liga defender for £31.2m
But Sky Sports transfer guru Kaveh Solhekol reckons Santos has doubts about a move to Stamford Bridge. However, he can also provide cover at left-back.

What Does Caitlyn Jenner Think Rob Kardashian's Revenge Porn On Blac Chyna?
I've never met the kid. "And it's tough to do because you can be tremendously deceived". Caitlyn Jenner was not thrilled about Rob Kardashian's reaction to Blac Chyna split.