Nevada Becomes Next State to "Legalize It"

Sales of recreational pot kicks off in Nevada today (July 1st). The expectation is tourists will be the majority of those who will travel to buy samples.

Anyone who is 21 and over with a valid ID can buy up to an ounce of pot (or one-eighth of an ounce of edibles or concentrates) from one of several medical dispensaries that have been approved for recreational sales.

State regulators have already issued licenses to 17 retail outlets, with as many as 40 maximum.

However, there's a catch: those stores may sell the pot they have in stock for recreational use, but may not resupply their inventory and sell the new stuff to non-medical users. Their stock may run out as early as August, leaving recreational users without a place to buy legal bud.

Alcohol wholesalers have the exclusive rights to move recreational pot from growers to retailers in Nevada, as part of a temporary court order issued last month. Nevada intends to appeal the order, so that the state's medical dispensaries can obtain pot distribution licenses. Nevada is the only legalized state with such an arrangement.

In addition to Nevada, voters in Colorado, Washington, Alaska, Oregon, California, Maine, Massachusetts, and the District of Columbia have legalized recreational use of the drug.

It became legal to possess up to an ounce of pot in Nevada and use it in private residences on January 1st. Before then, residents needed a medical card to shop at dispensaries.

Tourists are expected to make up over 60% of recreational pot sales.

Mike Steele

Mike Steele

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