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).

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Nevada: $41 Million in Legal Marijuana Sold in March, New Monthly Record

Legal marijuana sales in Nevada this March were the highest they’ve ever, according to new data released by the state.

The Nevada Department of Taxation says that throughout the state there was over $41 million in marijuana and marijuana products sold legally in March. This easily surpasses the previous monthly record of $35.8 million set in December.

The roughly $41 million in marijuana sold in March resulted in just over $7 million in taxes for the state. This brings the tax total for the past nine months to almost $50 million, just barely shy of the $50.3 that was projected by the state for the full fiscal year.

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Nevada: Over $27 Million in Marijuana Sold in First Month of Legal Sales

Millions of dollars worth of marijuana was sold in Nevada in July, the month such sales became legal.

In total, there was $27.1 million in marijuana sold in Nevada in July. By comparison, Washington State sold just $3.8 million in legal marijuana during their first full month of legal sales (which was also in July), and Colorado sold roughly $14 million.

According  to the Nevada Department of Taxation, the state garnered $10.2 million in taxes during July; $6.5 million from industry fees and $3.68 million from tax revenue. Governor Brian Sandoval projects the state to bring in around$100 million over the next two fiscal years from such taxes and fees. However, new projections find that the number may end up closer to $120 million, says Stephanie Klapstein, a spokesperson for the Department of Taxation.

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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.”

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Nevada: Legal Marijuana Sale Begin Saturday

Legal adult marijuana sales will begin in Nevada on Saturday, making it the fifth state in U.S. where legal marijuana sales are taking place.

Marijuana StudiesBeginning at 12:01 a.m. PT, those in Nevada who are 21 and older will be able to purchase up to one ounce of marijuana or one-eighth of an ounce of marijuana-infused edibles or concentrates from licensed marijuana retail outlets. Retail marijuana sales will be subject to a 10 percent sales tax, which state officials estimate will generate more than $60 million in the first two years.

“The marijuana prohibition era is finally coming to an end in Nevada,” says Mason Tvert, director of communications for the Marijuana Policy Project (MPP), which backed Question 2, the initiative to regulate marijuana like alcohol that was approved by approximately 54.5 percent of Nevada voters in November.

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Nevada Governor Signs Executive Order Allowing Recreational Marijuana Sales to Begin July 1st

Nevada Governor Brian Sandoval has signed an executive order allowing recreational marijuana sales to begin on July 1st.

The order signed into law by Governor Sandoval allows currently operating medical cannabis dispensaries to begin selling marijuana to everyone 21 and older beginning July 1st. The governor’s order comes amid concerns that a judge’s order could block the early start of recreational marijuana sales, which was approved by state tax officials in May.

The new law explicitly allows licensed dispensaries to sell up to an ounce of cannabis to those 21 and older; this includes tourists. Once the state’s system of recreational cannabis retail outlets is established next year, dispensaries will go back to selling cannabis exclusively to qualifying patients with a physician recommendation. The early start to marijuana sales is due to the fact that possession of up to an ounce of marijuana is currently legal, despite there being no legal means of obtaining it.

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Legal Recreational Marijuana Sales Begin in Nevada a Month from Today

Legal recreational marijuana sales begin in Nevada in just a month.

On July 1st, medical cannabis dispensaries in Nevada will be allowed to sale marijuana to everyone 21 and older. This is due to state officials recently passing rules that allow for an early start to recreational marijuana sales, which were legalized by voters last year.

Under the new rules, dispensaries will be authorized to sell up to an ounce of cannabis to those 21+, including tourists. Once the state’s system of recreational cannabis retail outlets is up and operating sometime next year, dispensaries will go back to distributing the plant exclusively to patients who have received a physician recommendation and are registered with the state.

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Nevada Officials Approve Early Marijuana Sales, to Begin as Soon as July 1st

Nevada officials have approved an early start to legal marijuana sales.

The Nevada Tax Commission has given approval to temporary retail marijuana regulations, allowing recreational sales to begin as soon as July 1st. This is according to reporter Patrick Walker, who notes that the rules are “subject to local permits”.

Voters in Nevada approved the legalization of marijuana last year for those 21 and older. The initiative allows for a system of licensed and regulated cannabis retail outlets and cultivation centers; however, these outlets are set to be open until sometime next year. The rules approved by the tax commission allows legal sales to begin much earlier than expected, with the possibility of such sales starting on July 1st.

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Nevada Bill Would Allow Early Start of Recreational Cannabis Sales

A bill filed today in Nevada’s Senate would allow recreational cannabis sales to begin immediately upon its passage.

Senate Bill 302 would allow medical cannabis dispensaries to immediately begin selling cannabis to anyone 21 and older, regardless of whether or not they’re a qualified patient. Dispensaries would be required to go back to selling exclusively to patients once the state’s recreational cannabis market gets underway.

According to the measure’s legislative counsel’s digest, it “exempts from state prosecution for certain crimes relating to  marijuana a medical marijuana dispensary which sells marijuana, concentrated cannabis, edible marijuana products,  marijuana-infused  products and related supplies and educational materials to a person who is 21 years of age or  older during the period of time between the effective date of this bill and the date upon which the Department of Taxation   issues the first license to a marijuana establishment pursuant to the initiative petition for the retail sale of marijuana and marijuana  products”.

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Nevada Senator to Introduce Bill Allowing Legal Recreational Cannabis Sales to Begin Right Away

 Legal Recreational Cannabis SalesNevada State Senator Tick Segerblom (D-Las Vegas) has announced that he’s drafting legislation that would allow medical cannabis dispensaries to begin immediately selling cannabis to everyone 21 and older, until licensed cannabis retail outlets are operating throughout the state (likely sometime in 2018).

Oregon lawmakers approved a similar law after voters passed legalization in 2014; the move garnering the state millions in taxes.

“They allowed the existing medical dispensaries to sell recreational marijuana and as far as we could tell, there’s no reason we couldn’t do that in Nevada,” Segerblom told CBS affiliate KLAS-TV.

Read moreNevada Senator to Introduce Bill Allowing Legal Recreational Cannabis Sales to Begin Right Away