Nevada

Synonyms: 
las vegas
vegas
Fri
21
Sep

Marijuana museum opens in Las Vegas to celebrate all things cannabis

A glass bong taller than a giraffe. Huggable faux marijuana buds. A pool full of foam weed nuggets. Las Vegas’ newest attraction — and Instagram backdrop — is a museum celebrating all things cannabis.

Nobody will be allowed to light up at Cannabition when it opens Thursday because of a Nevada ban on public consumption of marijuana, but visitors can learn about the drug as they snap photos. It’s a made-for-social-media museum where every exhibit has lights meant to ensure people take selfies worthy of the no-filter hashtag.

Fri
14
Sep

‘We charge way too much’: Why Nevada’s pot prices are expected to drop

Marijuana prices in Nevada could soon decrease to fall in line with those in more affordable marijuana legal states like Oregon and Colorado, a leader in Nevada’s marijuana industry said Thursday.

Speaking to a crowd of more than 100 at the Las Vegas Medical Marijuana Association’s monthly luncheon, Acres Cannabis CEO John Mueller said price reductions could come as early as next year when up to 42 additional state dispensary licenses are issued for new pot stores to open across the state.

“We charge way too much money for this stuff,” Mueller said. “It’s going to come down.”

Tue
11
Sep

Two Roots Brewing Co’s THC-beer sales highlights future of infused-alcohol

With alcohol companies embracing cannabis, it’s becoming clear that the two substances don’t have to be outright competitors.

Canna-brews have yet to explode as a full-fledged drinking trend, but it’s well on its way. On August 21, Cannabiniers, a beer and brand management company, celebrated the first sale of Two Roots Brewing Co, a line of non-alcoholic cannabinoid-infused craft beers in Nevada.

Tue
04
Sep

Nevada: Marijuana industry prepares for release of new dispensary licenses

Dozens of new state licenses for recreational marijuana facilities will be issued during the next few months to a limited number of applicants, reshaping the landscape of Nevada’s marijuana industry.

Per the voter-approved Nevada Marijuana Legalization Initiative, also known as Question 2 on the November 2016 ballot, only current state pot license holders—including cultivators and production facility owners—can obtain the additional 42 recreational dispensary licenses this fall.

Wed
29
Aug

Nevada collects $69.8M in marijuana tax, exceeding expectations

With June’s marijuana revenue figures now on the books, Nevada closed out the first full year of adult-use sales with marijuana tax collections totaling $69.8 million for the fiscal year—about 140 percent of what the state expected to bring in. 

The last four months of the fiscal year proved to be the most robust months for marijuana tax revenue, with each month’s totals topping $6.5 million. At the end of June, there were 64 medical marijuana dispensaries open in Nevada, with 61 of those licensed to also sell adult-use marijuana. For the fiscal year, these state-licensed dispensaries and retail stores saw total taxable sales—which includes adult-use marijuana, medical marijuana, and marijuana-related tangible goods— of $529.9 million.

Wed
22
Aug

Nevada’s pot industry struggling to overtake black market, advocate says

One year into the legalization of recreational marijuana in Nevada, more than half the state’s pot sales are still taking place on the illegal market, said the president of the state’s leading cannabis advocacy association.

Andrew Jolley, head of the Nevada Dispensary Association and owner of The+Source dispensaries, said high taxes and regulatory costs have dissuaded customers from buying marijuana at state-regulated dispensaries. Instead, as much as 60 percent of Nevadans are purchasing their pot from street dealers for a fraction of legal dispensary prices, he told a group of about 100 Tuesday at the Las Vegas Medical Marijuana Association’s monthly luncheon.

Fri
17
Aug

Airport's marijuana amnesty boxes getting used, but hard to say how much

Officials at McCarran International Airport say “amnesty boxes” — designed so passengers can dump legal marijuana instead of carrying it illegally onto a plane — generally have some products in them when a contractor comes to empty them twice a week.

But airport spokeswoman Christine Crews said this week it’s impossible to offer a weight or quantify exactly how much has been collected in the six months since the boxes were installed because of the diversity of marijuana products that’s turned in — everything from cannabis-infused drinks to marijuana flower to vape pens. She also said passengers sometimes toss non-cannabis-related trash into the bins.

Tue
07
Aug

Nevada’s 1st year of marijuana sales exceeds highest expectations

Nevada regulators and industry insiders say the state’s first year of broad marijuana legalization has exceeded even their highest expectations, with sales and tax collections already surpassing year-end projections by 25 percent.

Numbers from June are still outstanding but are expected to push taxable sales past $500 million, netting total tax revenue in the neighborhood of $70 million, with about $25 million devoted to schools.

“I think it has been a huge success, and I don’t see how anyone could argue with that,” said Andrew Jolley, president of the Nevada Dispensary Association.

Fri
03
Aug

How Nevada's second year of cannabis legalization could easily break First Year's records

Now entering its second full year of legalization, the state of Nevada is showing signs of being the surging winner in the cannabis revolution. Unlike in other adult-recreational markets such as Colorado, Washington state, and Oregon, Nevada's wholesale cannabis prices remain high, due to a more favorable supply-demand equation for growers and sellers.

Since the state went legal on July 1st last year, the adult-use market has been on a tear, with sales averaging $1 million a day-thanks to the more than 40 million tourists who visit Las Vegas alone each year.

Thu
26
Jul

Behind CSX-listed Golden Leaf Holdings' drive to become a leading U.S. cannabis player

Golden Leaf, which has made acquisitions in Nevada and California, believes it will be in an excellent position once the U.S. eases restrictions on marijuana.

For the time being, all that Oregon-based, CSX-listed Golden Leaf Holdings can do is reflect on the possibilities — while it goes about building its cannabis business on both sides of the border. And the possibilities are enormous even if they are largely dependent on the U.S. government easing restrictions on marijuana. When that decision is made, Golden Leaf, which has made acquisitions in Nevada and California, believes it will be in an excellent position to take advantage.

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