Nevada

Synonyms: 
las vegas
vegas
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.

Wed
25
Jul

Beer infused with marijuana will be available in Vegas by mid-August

It is an industry that is expected to make tens of millions of dollars in tax revenue to the state of Nevada. Now, recreational marijuana customers might have another reason to visit their favorite dispensary.

It's taken the company about 18 months to develop this idea and create a safe product. Their tank farm is located near McCarran Airport and inside the warehouse, employees are cranking out a first-of-its-kind product.

Kevin Love, the company’s founder, says it is a craft beer whose time has come. Non-alcoholic and cannabis-infused, the beer is called “two roots,” and is being produced by Love's company "Cannabaneirs” right here in Las Vegas.

“It truly has zero hangover,” Love said. He calls it a good alternative to marijuana edibles.

Wed
11
Jul

The weird and wonderful world of Las Vegas cannabis culture

The delicate balance of mixing cannabis and tourism in Las Vegas.

The party bus is a Las Vegas staple. Hop on board with a few of your pals and cruise around the Strip while taking in the sights and energy of Sin City, typically with a beverage in hand. Some buses come with a bar, others come with a stripper pole, but Herbology Tours is putting a new spin on the concept altogether by focusing on the culture and community of cannabis.

Wed
04
Jul

Nevada hits 1-year anniversary for recreational marijuana

It has been a year since Nevada launched its recreational cannabis market on July 1, 2017 — giving way to strong retail pot sales and tax revenue that have surpassed what analysts originally predicted. Some of the latest figures show that the state raked in around $340 million in sales within the first 10 months of operation — $55 million of which has been deposited into the state’s coffers. What’s more is thousands of new jobs have been created since adults 21 and over were officially cut loose from their black market ties.

Fri
29
Jun

Nevada marijuana tax revenues already reach 110% of projections

Legal sales of recreational marijuana in Nevada kicked off on July 1 last year with a projected fiscal year (July through June) tax revenue estimate of $50.32 million. As of the end of April, two months ahead of schedule, the state’s tax receipts from pot sales totaled $55.53 million, 110% of the projected total.

March and April tax receipts reached $7.09 million and $6.55 million, respectively, the two best months for the fiscal year so far. In July 2017 the state collected $3.68 million in tax receipts.

Actual tax receipts have surpassed forecasts in every month of the 2018 fiscal year. At the end of April, tax collections exceed estimates by 30%.

Thu
28
Jun

Las Vegas might become second city to allow marijuana lounges

Las Vegas could soon become the second U.S. city to allow standalone marijuana consumption businesses.

City officials said Wednesday they’re wading into the new territory cautiously.

“We’re trying to get it right the first time,” Assistant City Attorney Bryan Scott told stakeholders at a workshop on the city’s draft rules for marijuana social use venues.

Despite recreational marijuana use being legal for more than a year in Nevada, Las Vegas’ roughly 42 million annual visitors don’t have many options for where they can use the pot they buy in local dispensaries. State law bans public consumption, and casinos and hotels don’t allow people to consume cannabis on their properties.

Mon
25
Jun

Nevada pot regulators given more funds to deal with demand

Nevada's marijuana regulators say they are trying to keep up with demands at recreational dispensaries, where sales continue to outpace projections.

The Nevada Appeal reports the Interim Finance Committee approved an additional $1.5 million for the Department of Taxation to hire more security guards and staff to process background checks for workers at marijuana facilities.

Sales have surpassed projections every month since recreational marijuana for adult use became legal July 1.

Taxation Director Bill Anderson told the Interim Finance Committee this week the workload is severely straining the existing staff.

Fri
22
Jun

MedMen’s Planned New Store Location in Las Vegas Approved by Clark County

MedMen Enterprises Inc. (CSE: MMEN) (OTCQB: MMNFF) (“MedMen” or the “Company”), a leading cultivator, producer and retailer of state-sanctioned cannabis in the U.S., announced today that the anticipated location for a new MedMen store in Las Vegas has received land-use and zoning approval by the Clark County Board of County Commissioners. The store is expected to be located at 4503 Paradise Road, Las Vegas, NV 89169, near major casinos such as the Hard Rock Hotel, the Thomas and Mack Center and Las Vegas International Airport.

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