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 […]
Nevada Regulators Make It Clear: Casinos and Cannabis Don’t Mix
LAS VEGAS (AP) — Nevada‘s gambling regulators are grappling with how to deal with the state’s latest legal vice — recreational marijuana— and they’ve made it clear that pot doesn’t belong in casinos. In the first of a series of policy discussions on Thursday, the Nevada Gaming Commission reiterated that as long as marijuana consumption and […]
Nevada Judge Halts Marijuana Distributors License Change
CARSON CITY — A district judge on Friday temporarily halted any effort by the Department of Taxation to license additional distributors of recreational marijuana other than liquor wholesalers. The order sought by the Independent Alcohol Distributors of Nevada was granted by District Judge James Todd Russell after he said the tax agency at a Thursday […]
Nevada Votes in Favor of Issuing Marijuana Distribution Licenses Outside of Liquor Wholesalers
CARSON CITY, Nev. — Nevada marijuana regulators have decided to start issuing pot distribution licenses to businesses other than liquor wholesalers to keep up with overwhelming demand since legal recreational sales began July 1. The Nevada Department of Taxation voted Thursday to open up the market previously limited to liquor distributors under the state ballot […]
Tax-Free Marijuana Is Hitting Nevada Thanks to Native Americans
A tribal Cannabis consulting firm in Nevada has helped arrange key compacts with Native American tribes. Tribal Cannabis Consulting (TCC) is a national consulting firm specializing in Native American cannabis policy. It successfully established the first cannabis compacts between the Nevada Governor’s Office and the Ely Shoshone and Yerington Paiute tribes. The compacts were recently signed by Nevada’s Governor, […]
Nevada Set to Hold Emergency Vote Today for Cannabis Distributors
Following an overwhelming demand for recreational marijuana, Nevada regulators are set to vote Thursday on emergency rules that would expedite licensing for pot distributors. Dozens of retailers started selling recreational marijuana on July 1 but a unique state law could quickly lead to empty shelves. The law dictates only alcohol wholesalers can transport pot from growers to store […]
Nevada Governor Steps in as Dispensaries Are Running out of Marijuana
Nevada dispensaries licensed to sell recreational marijuana are running out of pot less than a week after the legal market came to life, according to the state Department of Taxation. On Friday, taxation officials announced that Gov. Brian Sandoval had endorsed the department’s “statement of emergency,” allowing state officials to consider adopting an emergency marijuana regulation that could […]
Nevada Recreational Marijuana Sales Could Hit $30 Million by End of 2017
LAS VEGAS — The crowd shouted, “Freedom!” as a local politician made Nevada’s first recreational marijuana purchase, his eyes glassy with tears of joy. State Sen. Tick Segerblom, whose decade-long advocacy for marijuana legalization inspired a local medical strain named “Segerblom Haze,” purchased his flower at Reef Las Vegas dispensary and then addressed the assembled […]
Nevada Recreational Marijuana Sales to Start on Saturday
Sales of recreational marijuana kick off in Nevada on Saturday, July 1, and the state is expecting on onslaught of tourists coming to sample the local merchandise. But visitors might have tough times finding the drug in stores. Anyone who is 21 and over with a valid ID can buy up to an ounce of […]
