Nevada is currently investigating new instances of tainted cannabis flower being sold in multiple dispensaries across the state following a recall. 

A Detailed Look at Cannabis Sales in California, Oregon, Arizona, Colorado and Nevada

Should the resolution pass, the Nevada pardons represents growing marijuana-centric criminal justice reform occurring nationwide.

A new resolution introduced by Gov. Steve Sisolak would pardon tens of thousands of low-level marijuana offenders in Nevada, a state that voted to fully legalize cannabis in 2016. Sisolak will present the resolution to the Nevada Board of Pardons Commissioners next week. If passed, it will provide an unconditional pardon for anyone convicted of possessing less than one ounce of marijuana.

Nevada sold $692 million in legal taxable cannabis last year. 

Nevada Cannabis Industry 2020 Economic Impact Report just released by the state's Dispensary Association shows a 20 percent sales increase from 2018. It also shows that the state collected a total of $172 million in excise tax, sales tax, and licensing fees from the industry. 

For residents in states that have legalized marijuana, the grass is indeed greener on their side.

That’s the takeaway from new polling data released earlier this month. The survey, from pollster YouGov, found that in “many states where recreational cannabis is legal, a plurality of citizens believes these laws have been more of a success than a failure overall.” 

Most adults living in states where marijuana use is legal view the policy change as successful, according to state-specific polling data compiled by YouGov.com.

Respondents in California, Colorado, Illinois, Maine, Massachusetts, Michigan, Nevada, and Washington were asked their opinion regarding whether their state’s adult-use legalization policy “has been a success or a failure.”

Even though Nevada cannabis companies have been deemed essential businesses and continue limited operations, due to the federal prohibition on marijuana, none of the companies are eligible for federal small business relief. Our contributor Brian Bahouth with the Sierra Nevada Ally reports that some companies may not make it without a lifeline, even with the recent allowance of curbside pickup.

Investing in cannabis has never been more challenging than it is today. There are many pot stocks to choose from and not all of them carry the same risks. In addition to cash flow and profitability, investors need to consider how much growth to expect from the company as well as the stock's current valuation.

However, as a result of the coronavirus pandemic, there's another item that needs to enter the equation: Where its operations are. Being in the wrong state could prove to be catastrophic.