Nevada Cannabis Market Update: State sales data through Oct. 2019

Nevada is among the largest marijuana markets in the United States, with many large multistate operators having extensive operations in the state. So it’s valuable to track the amount and growth rate of the state’s published marijuana sales and tax data.

Nevada is the next installment in our new series analyzing the various cannabis data sets published by states (Florida data can be found here). Our goal is to assemble and analyze state sales and tax data to spot emerging trends to benefit your portfolio as well as any warning flags to protect your portfolio.

Nevada reports five data points on a statewide basis as well as the counties of Clark and Washoe. The data points are:

  • Wholesale excise tax.
  • Retail excise tax.
  • Total excise tax.
  • Taxable sales.
  • Application, license and other fees.

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