Nevada Medical Cannabis Business & Marijuana Legal News

Nevada’s first year of recreational marijuana sales surpasses expectations

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 […]

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Nevada releases revamped design for mandated cannabis edibles symbol

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 […]

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Canada’s C21 Investments acquires Nevada cannabis business in deal topping $50M

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 […]

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Chart: Can medical marijuana programs survive in states with recreational markets?

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.

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Terra Tech sells Las Vegas retail cannabis shop for $6.2 million

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 […]

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Nevada’s marijuana regulators receive $1.5 million to deal with demand

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 […]

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Week in Review: Colorado’s flat marijuana sales, Nevada’s new MJ opportunities & Alaska’s cannabis tax ideas

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 […]

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Nevada opens up 84 potential recreational marijuana licenses to limited field

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 […]

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