Marijuana growing companies at Nevada is a complete hysteria. After all, success is not guaranteed, be it the marijuana industry or the marijuana stocks.
The marijuana company has been unstoppable in Nevada, precisely. 29 states have legalized cannabis and approved the sale of the same for recreational purposes. Even the expansion efforts have derived a huge shift in this industry and even in the thinking of people, who once unsupported this very industry. The 1980s and 1990s were the time of the drug war, where around a quarter of respondents of a survey called Gallup’s sporadic surveys wanted Marijuana to become legal across the country. In 2016, the number of the respondents who have agreed to the expansion of the marijuana has increased.
Now the situation is such that nobody has to ask where to buy medical marijuana. Yes, it has become so popular here that you will find it almost in any part of Nevada.
What does the Dollar Figure say about the Marijuana Growing companies in Nevada?
The main reason behind the success and expansion of the marijuana industry here in Nevada is the dollar figures. And, when we say dollar figures, we mean both the stock market and direct. As per one of the recent report, legal pot sales in the U.S. are expected to grow in the next few years. And the figure will almost double as compared to what we have seen now.
But, why do they say Nevada’s Marijuana Company is a big MESS?
Yes, no matter how many dollars have they been earning in the past few years and even now, the Marijuana Growing companies will always be a mess. After all, it is not a model of perfection by any means. There is just one need to make this better and that is taking a closer look at the recreational marijuana rollout to check what has been making this market a MESS. What sort of issues is holding it back from being such big confusion and jumble?
For those who don’t remember, Nevadans voted determinedly to legalize the recreational pot in the recent elections. But, regrettably, the law was written to do something else.
What’s in the Law?
As per the Nevada’s Law, only and only the sole distributors of recreational marijuana will be the Liquor Wholesalers for the first 18 months. This demand of liquor wholesalers was fulfilled just to skip the loss that would otherwise have been faced by these people. So, they demanded to transport cannabis right from the farms to the licensed dispensaries within the state. We can say that it was just the fear of loss of alcohol sales to the cannabis industry. So, if you were wondering where to buy medical marijuana, the liquor wholesalers are the people you should reach for.
Issues Faced after Implementing the Law
Two of the main issues that people may face after this are:
a)Majority of Liquor wholesalers haven’t really applied for the mandatory licensing to become the distributor.
b)The liquor wholesaler licenses are handed down by the federal government, which can later become an issue in the form of liquor wholesaler license renovation, if they, later on, wind on being the middleman of the pot industry.
What May Happen Next in Nevada?
Well, no one is exactly sure of what will happen here, but if the middleman anyhow raises the sever supply issue, the legal market prices will likely to rise, allowing the black market to continue flourishing. And, this would probably be one of the biggest losses to the state and Nevada will continue to struggle for carrying out some legal businesses in the state.
So, if you are one of those who were wondering to invest in the marijuana growing companies of Nevada, you should probably stick to the sidelines and give marijuana companies some time to get mature with time and experience.