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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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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