Nevada’s Recreational Marijuana Market Hits $38 Million, Soars Past Colorado

Nevada’s recreational marijuana industry hit a new high, selling more than $37.9 million in October. The state has earned nearly $20 million in marijuana tax revenue since the adult-use market launched in July.

“We are pretty on target with projections, maybe a little over,” Department of Taxation spokeswoman Stephanie Klapstein told the Las Vegas Review-Journal. Continue reading “Nevada’s Recreational Marijuana Market Hits $38 Million, Soars Past Colorado”

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 Brings in Over $27 Million During First Month of Recreational Marijuana

Nevada dispensaries raked in more than $27 million during the first month of recreational marijuana sales, generating more than $3.6 million in taxes, according to figures released Thursday by the Nevada Department of Taxation.

How does that stack up against the other states with legal marijuana?

It’s nearly double. Continue reading “Nevada Brings in Over $27 Million During First Month of Recreational Marijuana”

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 Judge Clears Way for Expanded Marijuana Distribution

A judge cleared the way Thursday for Nevada to allow more businesses to move marijuana from growers to stores in an effort to keep up with overwhelming demand since recreational pot sales began last month.

Carson City District Judge James Russell lifted an order blocking regulators from issuing pot distribution licenses to anyone other than alcohol wholesalers. Nevada’s voter-approved law is unique among pot states in providing liquor wholesalers exclusive rights to distribute marijuana unless they could not keep up with demand. Continue reading “Nevada Judge Clears Way for Expanded Marijuana Distribution”

Nevada Judge Halts Marijuana Distributors License Change

A district judge on Friday temporarily halted any effort by the Department of Taxation to license additional distributors of recreational marijuana other than liquor wholesalers.

The order sought by the Independent Alcohol Distributors of Nevada was granted by District Judge James Todd Russell after he said the tax agency at a Thursday meeting appeared to have a predetermined outcome in place in support of allowing more than just liquor wholesalers to distribute pot from grow facilities to retail establishments. Continue reading “Nevada Judge Halts Marijuana Distributors License Change”

Tax-Free Marijuana Is Hitting Nevada Thanks to Native Americans

A tribal Cannabis consulting firm in Nevada has helped arrange key compacts with Native American tribes. Tribal Cannabis Consulting (TCC) is a national consulting firm specializing in Native American cannabis policy. It successfully established the first cannabis compacts between the Nevada Governor’s Office and the Ely Shoshone and Yerington Paiute tribes. Continue reading “Tax-Free Marijuana Is Hitting Nevada Thanks to Native Americans”

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”