Nevada marijuana sales hit $27M in first month
RENO — Nevada took a gamble on recreational marijuana, and it’s paying off.
Dispensaries sold $27.1 million of pot in Nevada in July alone.
That's almost double what both Colorado and Oregon sold in their first months. It's almost seven times what Washington sold.
Banking on weed, Nevada made $10.2 million off the fledgling industry during the first month of sales in July, according to the Nevada Department of Taxation.
Of that, $6.5 million came from industry fees and $3.68 million came from tax revenue.
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California Regulator Admits to Anxiety as Legal Pot Nears
LONG BEACH, Calif. (AP) — In about three months, recreational marijuana sales will kick off in California, yet no one knows exactly how the pot economy will work.
It could take until late November for the state to issue regulations that will govern the new marketplace.
Meanwhile, growers and sellers are wondering how the industry can function when some operators will have licenses and others might not. There are also questions about banking and federal law enforcement, since pot remains illegal in the eyes of the U.S. government.
“We all have anxiety,” top state marijuana regulator Lori Ajax told an industry group Thursday. “It’s not going to be perfect.”
Disabled Marijuana Growers Face Eviction
A family in Lewiston, Maine might be ousted from their home over cannabis plants they keep on the property. Despite the fact that it is legally permissible to use pot for medicinal purposes in the state, these marijuana growers face eviction from their federally subsidized $700-a-month apartment over cultivating cannabis in their own household specifically for medicinal use and pain alleviation.
And considering that Phil and Susan Deschene are both people living with disabilities, the situation is dire at best.
MARIJUANA GROWERS FACE EVICTION OVER FEDERAL CANNABIS PROHIBITION
Susan, a 65-year-old family counselor, and her 42-year-old son Phil, received notice from their landlords—a company (ironically) called Preservation Management—that they would be forced to leave their second-floor unit in the Healy Terrace apartments by October 2. The news came after inspectors came to the home on August 23, citing that the pair were “cultivating an illegal substance” on the property.
As the top pot-producing state in the nation, California could be on thin ice with the federal government
California produced at least 13.5 million pounds of marijuana last year — five times more than the 2.5 million pounds it consumed.
Where did all that extra pot go?
The answer, experts say, is that much of it ended up in other states — some where marijuana is still illegal.
As California prepares to allow cannabis sale for recreational use, that surplus has become a problem.
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