Category: cannabis sales

Los Angeles Playing Catch-Up in the Adult Use Marijuana Game

Recreational marijuana sales became legal in the state of California on January 1st, and many towns and cities in the state were ready to go within the first week of the year. Other cities lagged behind, big cities like San Francisco. But the most notable exception when it came to cities without functioning adult-use cannabis industries at the beginning of the year is also the largest city to come under the banner of legal recreational marijuana: Los Angeles. With nearly 4 million people within the city limits, Los Angeles is by far the largest single potential market for cannabis...

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Nevada Cannabis Sales Set New Records

The state of Nevada has seen more legal cannabis sales in their first few months than any other state that has legalized marijuana so far. With dispensaries running out of product within the first weeks of recreational sales becoming legal back in July, it’s not entirely a surprise. In the month of July, the state brought in $3.68 million in tax revenue alone – from a total of $27.1 million in legal sales for both medical and recreational cannabis. In the month of October alone, Nevada made $37.9 million in legal cannabis sales Compared to Nevada, Colorado and Oregon...

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California Confirms Recreational Sales Should Begin January 1st

Almost a year ago, four more states made the bold decision to vote in favor of cannabis legalization – and California is preparing for legal sales of recreational marijuana to begin at the start of the new year. While Nevada followed Oregon’s model, allowing medical marijuana dispensaries to sell to adults 21 and older while they prepare licensing and regulating new cannabis businesses, California, Maine and Massachusetts all decided to hold off until 2018 to begin sales to recreational customers. California is shaping up to be the first state to have their fully functional recreational cannabis market open for...

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Nevada’s First Month of Legal Sales Saw More Tax Revenue Than Both Colorado and Washington

Getty Nevada saw huge lines on July 1st when dispensaries opened their doors to recreational cannabis users for the first time. The state sold $27.1 million in just the month of July – nearly doubling the sales of both Colorado and Oregon during their first months. The Nevada Department of Taxation reported that there has already been $10.2 million in tax revenue collected by the state. Of that $10.2 million, over half ($6.5 million) came from industry fees – such as licensing fees for new facilities – and $3.68 million came from sales. Of the $3.68 million, there was...

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