Nevada reports huge first month of recreational marijuana sales

Nevada’s recreational marijuana market amassed sales of over $27 million during its first month of operation, significantly outpacing the opening month in other states where it’s legal for adult use.

According to the Las Vegas Review-Journal, the sales totals are nearly twice that of Colorado and Oregon during those two states’ first month of adult-use sales. Those states each averaged about $14 million in sales the first month.

Recreational marijuana sales began on July 1 in Nevada, and 250 recreational marijuana businesses have been licensed so far, with 53 of those retail shops.

The massive sales figures for July might not tell the whole story, however. Supply issues resulting from distribution problems caused sales to dip 20%-30% after the initial explosion. Retailers saw available supplies cut in half because of the distribution issue.

The state and the Independent Alcohol Distributors of Nevada have been fighting in court to keep marijuana transportation exclusively in the hands of liquor wholesalers. Oral arguments in the Nevada Supreme Court case are scheduled for Oct. 3.

Daily News | Briefs | Dispensary/Retail Store Business News | Nevada Medical Cannabis Business & Marijuana Legal News

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