Nevada joins the list of states allowing sales of recreational marijuana with heavy taxes on sales – #29
Haven’t had an update on regulatory oversight of the recreational marijuana market in a while. With Nevada now allowing the sale of recreational marijuana, it is time to check out the regulatory world.
As readers of this blog already know, I am watching developments in Colorado and Oregon for the newly state-legal recreational use of marijuana. Just as a reminder, my interest is not in marijuana. My curiosity is focused on how much trouble a burdensome and expensive regulatory structure will create for a newly legalized industry.
My hypothesis is the heavy-handed regulations will be crushing and severely restrain a new industry.
11/29/16 – Brew Bound – Beer Volumes Declining in Markets Where Recreational Cannibas is Legal – Consumption of domestic beer is declining in Washington, Oregon, and Colorado. The business word used is that beer is ‘underperforming’, meaning sales are lower than would otherwise be expected.
Article says the 18-25 demographic is consuming more recreational marijuana and less domestic beer.