Category: recreational cannabis

The New Year Brings Newly Legal Cannabis Sales to California

For many, 2018 was greeted with a New Year’s toke instead of a drink thanks to the newly legal status of cannabis in many states. For some in California, it also meant the first chance to purchase cannabis legally through a licensed retail dispensary. However, because many cities haven’t gotten their local regulations put in place, there are very few places with their doors open to recreational consumers. This includes two of major cities: Los Angeles and San Francisco, which are expected to see very high numbers of sales once they are up and running. On the other hand,...

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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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