Recreational marijuana sales in Nevada surpassed the $126-million mark in October 2017, only four months after authorized outlets began selling weed on July 1, 2017. The bumper weed sale in the state has exceeded the $22.5 million garnered by Colorado after selling adult-use marijuana during the first four months in 2014. The Nevada Department of Taxation reported $3.68 million in tax revenue owing to marijuana sales in July 2017.
With Nevada’s state coffers getting plush with cash at such a fast rate, it has caught the eye of many political leaders in states like New York and Illinois, where lawmakers are mulling over introducing legal weed to rectify budgetary deficits. In fact, as the states of Massachusetts and California are all set to witness a surge in legal weed markets, Nevada’s story may soon be a driving force to make more profits.
Currently, Nevada levies a 15 percent tax on legal marijuana sales with the money diverted to an educational fund. Besides, there is an additional 10 percent tax intended for the state’s emergency fund. Nevertheless, during July to October 2017, tax authorities reported about $19 million in revenue with the month of October alone bringing in $6 million. According to official projections, authorities expect the 15 percent tax would bring in around $56 million in the first two years of recreational marijuana sales.
The recent spike in sales is actually a good sign for not only the Nevada government, but also for marijuana entrepreneurs in the state as they see no threat from California, which has started selling pot for adult use from January 2018. However, the biggest question remains unanswered. Would the recent crackdown against marijuana sales by U.S. Attorney General Jeff Sessions have any effect?
Combating marijuana use disorder
“Right now, the science doesn’t support it,” Chuck Rosenberg, former acting administrator of the Drug Enforcement Administration (DEA), had said in an interview. These words keep the federal government at loggerheads with advocates of pot legalization. Even the U.S. Food and Drug Administration (FDA) doesn’t recognize medicinal benefits of marijuana, and continues to classify it as a Schedule I drug under the Controlled Substances Act (CSA) because of high potential for abuse.
Studies show that delta-9-tetrahydrocannabinol (THC), a neurotoxin in marijuana, is the main component responsible for the addiction to the drug as a user finds it difficult to discontinue its use despite the adverse effects on his or her life. Estimates of the number of people across the U.S. hooked on marijuana are monumental. According to the 2016 National Survey on Drug Use and Health (NSDUH) report, an estimated 24 million Americans aged 12 or older in that year were current users of marijuana.
Although it can be a challenging task, the need of the hour is to fighting addiction by educating people about dangers of the drug and providing access to treatment. Professional treatment at a reputed rehabilitation center can go a long way in kicking the menace of marijuana addiction forever.
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