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First days of recreational marijuana sales generate about $500,000 in taxes
lasvegassun.com ^ | 7/6/2017 | Chris Kudialis

Posted on 07/07/2017 7:28:55 AM PDT by rktman

The first four days of legal recreational marijuana sales generated $3 million in sales revenue and about $500,000 in tax revenue, putting Nevada on pace to achieve an estimated $30 million in sales revenue over the next six months of recreational sales, according to the Nevada Dispensary Association.

The sales figure was generated from Saturday’s first day of recreational marijuana sales to Tuesday. The tax rate for recreational pot is 33 to 38 percent, depending on local regulations, with all state and local taxes included.

“We had a higher demand than everybody initially thought,” dispensary association director Riana Durrett said. “It shows this market really exists.”

(Excerpt) Read more at lasvegassun.com ...


TOPICS: Business/Economy; Culture/Society; Philosophy; US: Nevada
KEYWORDS: cannabis; cashcrop; marijuana; nannystate; pot; potheads; wod
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To: shotgun
I’d rather see someone using weed than opioids.

Weed is the gateway drug to opioids from all I've read.

81 posted on 07/07/2017 11:02:55 AM PDT by ealgeone
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To: Boogieman

Math much?


82 posted on 07/07/2017 11:05:07 AM PDT by gundog (Hail to the Chief, bitches.)
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To: ealgeone

The gateway drug thing has always been silly. And really in the modern version of America if there’s a gateway to opioids it’s your doctor’s front door.


83 posted on 07/07/2017 11:06:40 AM PDT by discostu (You are what you is, and that's all it is, you ain't what you're not, so see what you got.)
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To: rktman

Maybe. It took 75 years of criminalization to figure out that maybe that wasn’t so spiffy.


84 posted on 07/07/2017 11:07:37 AM PDT by gundog (Hail to the Chief, bitches.)
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To: Reno89519
Drug users are unemployable, burdens on society, and destroy their families.

CO has the lowest unemployment rate in the country => https://www.bls.gov/web/laus/laumstrk.htm

85 posted on 07/07/2017 11:09:44 AM PDT by Ken H (Best election ever!)
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To: ealgeone
Everything I've read and seen from Law Enforcement tells us the weed is the gateway drug for other drug use.

How many that start smoking the gateway drug marijuana start with liquor or cigarettes? You know what illegal weed does? It make people go to drug dealers to get weed. If those folks sell other drugs...and many do...people are forced into the proximity of other illegal drugs. There is no meth counter at the marijuana dispensaries.

86 posted on 07/07/2017 11:15:37 AM PDT by gundog (Hail to the Chief, bitches.)
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To: AppyPappy

You can buy started plants. Here’s a kick in the head for all those folks that used to curse the stems and seeds that comprised half of that $60 ounce you bought in the ‘70s. Seeds are going for $9 each in my Oregon town.


87 posted on 07/07/2017 11:22:15 AM PDT by gundog (Hail to the Chief, bitches.)
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To: ealgeone

Two thirds of traffic fatalities involve no alcohol. I believe other drugs are a factor in 16% of traffic accidents. Sounds like it time to end unimpaired driving.


88 posted on 07/07/2017 11:24:13 AM PDT by gundog (Hail to the Chief, bitches.)
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To: ealgeone

Anything that reduces inhibitions can be a gateway to harder substances or abuse


89 posted on 07/07/2017 11:25:57 AM PDT by shotgun
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To: gundog

I know someone who paid dearly for some seeds. My experience from college is that the drying process can be hazardous to the seeds because some people use an oven.


90 posted on 07/07/2017 11:28:05 AM PDT by AppyPappy (Don't mistake your dorm political discussions with the desires of the nation)
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To: AppyPappy

And people wonder why weed stinks. Cure it like tobacco.


91 posted on 07/07/2017 11:29:31 AM PDT by gundog (Hail to the Chief, bitches.)
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To: shotgun

In my experience using medical cannabis it doesn’t dissolve one’s inhibitions or obliterate one’s moral compass like alcohol does.

I’ve been using it since 2015 and Jesus Christ is the way to the Father just the same today as then and forever shall be, amen.


92 posted on 07/07/2017 11:41:02 AM PDT by TheStickman (And their fear tastes like sunshine puked up by unicorns.)
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To: gundog
Why don't we just legalize everything then? Meth, crack, the whole nine yards.

Your position is not a conservative one.

93 posted on 07/07/2017 11:54:49 AM PDT by ealgeone
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To: ealgeone
Why not let each state decide its own intrastate drug policies as the 10th Amendment says?

That's the way it was from the time of the Founders until the Progressives took over.

94 posted on 07/07/2017 12:01:43 PM PDT by Ken H (Best election ever!)
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To: gundog

What math? Quoting the tax rates as stated in the article is “math”?


95 posted on 07/07/2017 12:02:40 PM PDT by Boogieman
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To: ealgeone

It is if you leave these decisions to the respective States. Meth, cocaine, LSD...all legal at one time.


96 posted on 07/07/2017 12:05:54 PM PDT by gundog (Hail to the Chief, bitches.)
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To: Boogieman
Hey, if you tax something 33-38%, there will always be an illegal market.

The total of tax and product can still be cheaper than black market prices. Kinda the point of the whole legalization scheme.

97 posted on 07/07/2017 12:12:19 PM PDT by gundog (Hail to the Chief, bitches.)
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To: ealgeone
Your position is not a conservative one.

Letting the states decide is a far more conservative position than allowing the feds to have a say.

98 posted on 07/07/2017 12:24:54 PM PDT by gdani (Everyone is a snowflake these days)
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To: gundog

“You can grow more than you can legally possess....”

That seems like a SERIOUS problem with the writing of the law.

An average DA could easily argue that you were in possession of more than your legal amount - just by your having it. A person’s intent to give away the surplus - at some unknown time in the future - is totally irrelevant.

What is the legal process/regulation/rule for destroying surplus in accordance with the law?

(I really don’t think that they wrote it like it’s been described here... seems way to ambiguous.)


99 posted on 07/07/2017 1:02:15 PM PDT by Noamie
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To: thefactor

“Alcohol is a MUCH bigger problem than weed is...”


As a Parole officer, I can tell you that you are mistaken. 20-30 years ago alcohol was an issue. It’s not anymore. At all.

95% of my people have substance abuse issues in one form or another. So that makes about 150 people that I actively see on a very regular basis in an office, at their employment, and in their homes. Out of those roughly 150 persons, only 2 of them have alcohol abuse issues.

The rest is pot, pot + cocaine, Cocaine, Meth, Meth + pot, Opiates, Benzos, and a dabbling of MDMA and heroin (heroin is not big in this area)... and a general mix of all of this. But ALL of them start with pot. MOST keep using pot.

Alcohol is a total non-issue.

Not ONE person on my caseload - at this time - was drunk on alcohol when they committed their felony. Roughly 65% had THC in their system. 95% of my people are and/or were drug users.

Their crimes range from felony theft to armed robbery to murder.

“Drugs” are the #1 issue regarding felony crime and felony criminal behavior. It all stems from it.


100 posted on 07/07/2017 1:35:22 PM PDT by Noamie
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