Nevada's recreational marijuana sales began on back on July 1st, and dispensaries literally ran out of marijuana. There was a supply bottleneck caused by the fact that "Nevada's voter-approved law is unique among pot states in providing liquor wholesalers exclusive rights to distribute marijuana unless they could not keep up with demand."
It became clear very quickly that the liquor wholesalers were not going to keep up with demand so in August, Carson City District Judge James Russell lifted the order that was blocking state regulators from issuing these distribution licenses to non-alcohol wholesalers.
One of the companies that was granted a conditional approval for a distribution license back in August was Marapharm Ventures Inc. (CSE:MDM) (OTC:MRPHF) (FRA:2M0). The remaining conditions to be met are just the inspection of vehicles and of the distribution facility.
Just this morning, Marapharm announced that the company was given notice by the Nevada Department of Taxation of conditional approval for 2 additional distributor licenses for its cultivation and production facilities in Las Vegas, Nevada. Marapharm now has 3 conditional distributor licenses.
"We are thrilled to receive these conditional approvals. These licenses will be key to allowing us to distribute product beginning early next year from our planned expansive 380,000 square foot cultivation and production facility. With these approvals in addition to the acquisition of the specialized vehicles needed, we can ensure we get product to market quickly and safely," commented Linda Sampson, Marapharm's CEO.
Despite the fact that the company's corporate operations are located in British Columbia, Canada, Marapharm has rapidly expanded their footprint to include production locations in Washington, Nevada, and California.
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