Nevada is skating past its first-year goals for recreational marijuana revenue. The state has collected $48.97 million in total marijuana tax revenues since sales began. Adult-use cannabis sales topped $41 million in March, the most successful month since legal sales began in July last year, according to a report Wednesday from the Nevada Department of Taxation. Recreational […]
Nevada
Nevada Has Reached Nearly $50 Million In Cannabis Tax Revenue Since Sales Began
Nevada is skating past its first-year goals for recreational marijuana revenue. The state has collected $48.97 million in total marijuana tax revenues since sales began. Adult-use cannabis sales topped $41 million in March, the most successful month since legal sales began in July last year, according to a report Wednesday from the Nevada Department of Taxation. Recreational […]
5 Red Flags Your Client Is About To Become Your Debtor
We have all heard that in business that nothing is more important than customers. Many corporations today recruit and pay steep salaries for C-Level executives that include titles such as Chief Customer Relations Officer or Chief Happiness Officer. In the cannabis industry, where reputation, community exposure and outreach are crucial for success, we work long […]
Nevada Does $30 million In Taxes After First Six Months Of Marijuana Sales
The Silver State’s marijuana industry is still in its infancy, but the cannabis market has raked in more than $30 million in tax revenue for the state so far. Retailers in Nevada have sold more than $195 million in cannabis during the first six months of its adult-use market. Unlike other states (including California, Maine and Massachusetts) […]
Las Vegas Airport Adds Amnesty Boxes For Dropping Marijuana Before Flights
What happens in Vegas really can stay in Vegas. Tourists catching a flight out of Sin City can now dump their leftover legal marijuana in metal containers set up at the airport. The 10 green bins dubbed “amnesty boxes” prevent federal transportation agents from finding pot on passengers during security screenings. The drug is legal […]
Nevada Marijuana Growers Worry As New Regulations Arrive
Nevada marijuana growers are fearful of going out of business as the state moves forward with a set of permanent regulations that some cultivators say give dispensaries an economic advantage. Cultivators before the Nevada Tax Commission on Tuesday lamented the number of dispensaries that have begun growing their own marijuana, saying that they had for years kept the […]
Nevada’s Recreational Marijuana Market Hits $38 Million, Soars Past Colorado
Nevada’s recreational marijuana industry hit a new high, selling more than $37.9 million in October. The state has earned nearly $20 million in marijuana tax revenue since the adult-use market launched in July. “We are pretty on target with projections, maybe a little over,” Department of Taxation spokeswoman Stephanie Klapstein told the Las Vegas Review-Journal. […]
Nevada Brings in Over $27 Million During First Month of Recreational Marijuana
Nevada dispensaries raked in more than $27 million during the first month of recreational marijuana sales, generating more than $3.6 million in taxes, according to figures released Thursday by the Nevada Department of Taxation. How does that stack up against the other states with legal marijuana? It’s nearly double. Colorado and Oregon each sold about $14 million in […]
Nevada May Be in Line for Cannabis Bars, Motels and More Soon
Nevada’s local governments have the green light to license certain businesses that want to allow marijuana consumption on-site, according to an opinion released Sunday by the Legislative Counsel Bureau. Businesses may establish lounges at which patrons can consume marijuana, and municipalities may create ordinances that require those businesses to purchase a license to do so. The privilege would […]
Nevada Tax Commission Hits Liquor Distributors Again Over Marijuana
The Nevada Tax Commission on Tuesday dealt another blow to liquor distributors hoping to hold a monopoly on distributing retail marijuana throughout the state. Tax commissioners voted to uphold a determination by the Nevada Tax Department that there are not enough licensed liquor distributors to properly serve the state’s recreational marijuana market. Lawyers for alcohol […]
