Category: recreational cannabis

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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Marijuana Retail Stores More Prevalent in Low-Income Areas of Denver and Seattle

Getty An analysis conducted by the Marijuana Business Daily shows that more marijuana retail shops are operating in low-income areas of Denver and Seattle than anywhere else in those cities. By searching for median household income by zip code and comparing that to the locations of adult use stores in the 2 biggest recreational markets in the U.S., MBD found that 40% of shops in Seattle and almost 45% of recreational stores in Denver were located in zip codes that fall in the bottom 25th percentile of income. “The portion of Denver and Seattle residents located in areas where...

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Long Lines Greet The Start of Adult Use Marijuana Sales in Nevada

Getty After announcements, court battles and the possibility of delays, recreational sales have finally begun in Nevada. Just after midnight on Saturday morning local time, some medical marijuana dispensaries in the state opened their doors and began selling marijuana to adults for any reason, a result of the passage of Question 2 by Nevada voters last November. Most of those that opened Saturday morning did so to very long lines, like the 250 to 300 people that were waiting outside Oasis Medical Cannabis in Las Vegas. The Source medical marijuana dispensary had a notable customer leading a long line...

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