Nevada dispensaries sold nearly $425 million worth of recreational marijuana and pulled in nearly $70 million in tax revenue in the state’s first full year of sales, officials announced Tuesday.

Including recreational and medical marijuana as well as marijuana-related goods and accessories, Nevada stores eclipsed a half-billion dollars in sales, just under $530 million, according to figures released Tuesday by the Nevada Department of Taxation.

That dwarfs first-year sales seen in other states, and significantly outpaced Nevada’s own projections for the budding industry.

Click here to read the complete article

Colton Lochhead ~ Las Vegas Review-Journal ~

Recent News Articles

Monday April 29

Maine’s marijuana dilemma: ‘Cannabiz’ poised to grow, but in a holding pattern - Cannabis News

in Finance

by Bruce Kennedy - Editor in Chief

Maine has no legal market for recreational cannabis, more than two years after it became…

901 hits

Monday April 29

This Mom Entrepreneur Is Developing Medicinal Cannabis to Treat Kids With Autism - Cannabis News

in Activism

by Bruce Kennedy - Editor in Chief

Erica Daniels has dedicated her life to teaching families how cannabis can help their kids…

1342 hits

Monday April 29

How some athletes use marijuana get into the zone - Cannabis News

in Sports

by Bruce Kennedy - Editor in Chief

A THC high is widely considered similar to that of the "runner's high" that long-distance…

1339 hits

Monday April 29

Slow and steady growth for New Mexico hemp industry - Cannabis News

in Cannabis News

by Bruce Kennedy - Editor in Chief

For years proponents of legalized industrial hemp have praised the plant for its reportedly numerous…

1670 hits

Tuesday April 30

Marijuana Investor Gives $9 Million To Harvard And MIT For Cannabis Science - Cannabis News

in Science

by Bruce Kennedy - Editor in Chief

In what is believed to be the largest private gift yet to support scientific research…

982 hits