Nevada: $530 Million in Marijuana Sold in FY 2018, State Has Over 8,000 Full-Time Marijuana Jobs

According to a new report by the Nevada Dispensary Association, there was over $500 million in marijuana and marijuana products sold legally in the state in fiscal year 2018 (July 1, 2017 to June 30, 2018).

Of the $529.9 million in marijuana sold, $424.9 million was recreational marijuana, with the remaining $105 million coming from the sale of medical marijuana. These sales brought in nearly $70 million in tax revenue for the state.

The report also found that the legal marijuana industry has brought at least 8,300 new full-time jobs to the state. From this, there was $443.3 million in labor income (direct, indirect and induced).

Read moreNevada: $530 Million in Marijuana Sold in FY 2018, State Has Over 8,000 Full-Time Marijuana Jobs

Nevada Legal Marijuana Running Out, Governor Endorses State of Emergency

A state of emergency has been declared in Nevada due to a dwindling supply of marijuana.

Legal marijuana sales began in Nevada just 10 days ago, but the state is already running low on the plant. This has led to the Department of Taxation to declare a state of emergency, a declaration that has now been endorsed by Governor Brian Sandoval.

“Based on reports of adult-use marijuana sales already far exceeding the industry’s expectations at the state’s 47 licensed retail marijuana stores and the reality that many stores are running out of inventory, the Department must address the lack of distributors immediately,” says department spokeswoman Stephanie Klapstein. “Some establishments report the need for delivery within the next several days.”

Read moreNevada Legal Marijuana Running Out, Governor Endorses State of Emergency