Nevada regulators and industry insiders say the state’s first year of broad cannabis legalization exceeded even their highest estimations, with sales and tax collections already surpassing year-end projections by 25%. Numbers from June are still outstanding, but they are expected to push taxable sales past $500 million, netting total tax revenue in the neighborhood of […]Read More
Nevada’s Marijuana Enforcement Division (MED) released a redesigned symbol that edibles producers are required to stamp or mold on every single-serving marijuana edible product by Jan. 1 of next year. It is the second iteration of the symbol. It features the letters THC and an exclamation point inside a triangle. The first – featuring an […]Read More
Defying trends in other recreational markets across the United States, wholesale cannabis prices in Nevada continue to rise a year after adult-use sales began.
Looking ahead, there are few signs prices will fall anytime soon.Read More
Marijuana branding company Green Growth Brands is charting a path to grow in the United States and Canada through two deals totaling $74 million.Read More
Worried about the fallout from marijuana that doesn’t meet state requirements?
Simply taking preventive measures such as investments in infrastructure and increased vigilance in cultivation operations can help growers stave off costly catastrophes.Read More
Canada-based C21 Investments is expanding into the Nevada marijuana market through an acquisition of Silver State Relief and Silver State Cultivation, a deal that’s valued at more than $50 million. The investment, announced in a news release Monday, is the second move by C21 in what is expected to be a wave of Canadian acquisitions of […]Read More
Medical marijuana programs in states that went on to legalize adult-use cannabis are suffering.
Data from MMJ programs in Colorado, Oregon and Nevada – the only states with both an active recreational marijuana industry and a pre-existing MMJ patient database – shows patient counts steadily declining in the months and years following the launch of each state’s adult-use market.Read More
One of the larger publicly traded marijuana companies in the United States announced the sale Thursday of one of its assets, a Nevada cannabis retail storefront, for $6.25 million. Terra Tech sold a 3,900-square-foot shop – located just north of the Las Vegas strip – to Exhale Brands Nevada, according to a news release. The facility […]Read More
Las Vegas city officials could vote on social use venues for public cannabis consumption in as soon as three months, and one industry insider expects an ordinance allowing the venues to be finalized by the fourth quarter of 2018. According to Scot Rutledge, a cannabis advocate and partner at Argentum Partners in Las Vegas, the […]Read More
Nevada’s 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. Regulators say they are trying to keep up with demand at recreational dispensaries, where sales have surpassed projections every month since recreational marijuana became legal […]Read More
Monthly cannabis sales in Colorado are flat for the first time since the state launched adult use, Nevada offers a select group additional opportunities in its recreational market, and Alaska weighs the idea of a new excise tax tier for marijuana cultivators. Here’s a closer look at some notable developments in the cannabis industry over the […]Read More
Nearly a year after giving its recreational marijuana program an early start, Nevada is making additional licenses available, but only for businesses that already have permanent or provisional medical marijuana certificates. The program expansion comes at a time when the industry still is growing at a healthy clip: In March, medical and recreational cannabis sales totaled […]Read More
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