Cash in on Nevada’s Economic Growth with this Cannabis Industry Leader

Nevada’s strong economic post-COVID recovery is driving the state’s booming cannabis market.

Nevada recorded GDP growth of 9.7% in the second quarter, the best growth rate of all 50 U.S. states, beating Hawaii’s 8.9% GDP growth. This strong economic recovery has given Nevada’s legal cannabis industry a big boost.

Nevada just reported record cannabis sales of more than $1 billion in the last twelve months, smashing the previous year’s taxable sales of only $685 million.

Investors looking to cash in on Nevada’s high-growth cannabis market should check out an undercover cannabis stock that is an early industry leader in the state. Continue reading “Cash in on Nevada’s Economic Growth with this Cannabis Industry Leader”

Play the Vegas-COVID Recovery with this Cannabis Superstore

The U.S. economy continues to recover from the COVID lockdown – and nowhere is this more apparent than in Las Vegas. Las Vegas has recently experienced a big uptick in visitors as consumers gain more confidence and emergency orders lift.

The Las Vegas economy should continue to recover in the coming weeks and months. Casinos are now operating at 100% capacity, and that should drive millions of new tourists into Sin City in the second half of the year.

The Las Vegas recovery is a big win for one of the largest cannabis companies in the U.S.

With more tourists rushing back to Las Vegas, I expect this market leader to see a big increase in sales in the second half of 2021, and I think it will be great for the stock’s share price. Continue reading “Play the Vegas-COVID Recovery with this Cannabis Superstore”

Las Vegas may have marijuana lounges by spring 2018

Officials want to make Las Vegas the country’s first city to allow marijuana smoking lounges, and hope to do so by March or April of 2018.

“We’re still trying to work out the little details,” said Bryan Scott, the city’s deputy city attorney. “But we’re trying to get it right without the feds coming down on us.”

Under the drafted regulation, the lounges would be allowed to obtain separate licenses to sell marijuana paraphernalia, like pipes, t-shirts and bongs. Scott also discussed the possibility of allowing food service, as long as the food sold at the consumption lounges did not contain pot. Continue reading “Las Vegas may have marijuana lounges by spring 2018”

Nevada Regulators Reaffirm Wall Between Casinos, Pot

 Nevada’s gambling regulators are grappling with how to deal with the state’s latest legal vice — recreational marijuana— and they’ve made it clear that pot doesn’t belong in casinos.

In the first of a series of policy discussions on Thursday, the Nevada Gaming Commission reiterated that as long as marijuana consumption and possession is viewed as a felony by federal authorities, it will have no place in Nevada casinos. Continue reading “Nevada Regulators Reaffirm Wall Between Casinos, Pot”

Nevada adopts emergency rules to meet huge demand for weed

Nevada moved Thursday to reduce supply problems at recreational marijuana stores that have faced overwhelming demand for newly legal pot and the possibility of their shelves going empty.

Regulators approved emergency rules that would speed up licensing for pot distributors, a sticking point that launched a legal battle and threatened the flow of supplies after dozens of retailers started selling recreational marijuana on July 1. Continue reading “Nevada adopts emergency rules to meet huge demand for weed”

Plan Would Allow Las Vegas Cannabis Sales to Kick Off July 1

Under a proposal submitted to Nevada lawmakers this week, existing medical cannabis dispensaries would be allowed to sell cannabis to all adults 21 and older beginning on July 1.

The plan, put forward by the Department of Taxation, would issue temporary “early start” adult-use licenses to certain existing medical marijuana businesses. Continue reading “Plan Would Allow Las Vegas Cannabis Sales to Kick Off July 1”