Add Nevada To The List Of States That Have Eclipsed The $1B Mark In Legal Cannabis Sales

Twitter icon
las vegas morning

You can add Nevada to the list of states that have surpassed more than $1 billion of medical and recreational cannabis sales over a one-year period (according to state officials) and we consider this to be a milestone for the US market. (as originally appeared on technical420.com)

According to the Nevada Cannabis Compliance Board (CCB) and the Nevada Department of Taxation, the state generated $1,003,467,655 of taxable cannabis purchases between July 1, 2020 and June 30, 2021. This represents a significant increase from the $685 million that was reported in the prior year and believe our readers should be aware of this accomplishment.

The vast major of sales were in the county where Las Vegas is located and we are not surprised by this. The country reported almost $800 million of cannabis revenue and we are bullish on the growth prospects that are associated with this region. A decent amount of revenue was generated in Reno and we will monitor how this market continues to perform.

The COVID pandemic put considerable pressure on Nevada’s economy which relies heavily on tourism. We are glad to see how the cannabis industry has bounced back and believe the Las Vegas market will be stronger than ever once cannabis lounges open up. Read entire article on technical420.com

 

e-mail icon Facebook icon Twitter icon LinkedIn icon Reddit icon
Rate this article: 
Article category: 
Regional Marijuana News: