Monday, October 29, 2018

In Nevada, Legal Cannabis Added $1 Billion Impact to State Economy

By Chris Kudialis

Nevada’s legal cannabis industry generated nearly $1 billion in total output activity for the state’s economy in its first year of legalized recreational sales, a top industry group said Friday.

The state recorded $529.9 million in taxable cannabis sales during the fiscal year ending June 30. (Adult-use cannabis sales began on July 1, 2017.) Of that, $424.9 million were recreational sales of the plant, and the other $105 million in sales came from the state’s nearly 16,000 medical cardholders.  Read more >>