Clark County could see as many as 31 new recreational marijuana stores open based on the number of licenses the state has available.
Pot News
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.
Democratic gubernatorial nominee Steve Sisolak told business leaders on Friday that if some Nevadans knew that revenue from a marijuana sales tax isn’t all going towards education, they would not have voted to legalize cannabis.
Nevada’s first full year of legal adult-use marijuana sales is set to exceed more than $400 million in sales. But the dispensaries, producers and marijuana growers in the state still have no stable place for all that cash.
Recreational marijuana sales became legal in Nevada on July 1, 2017. In the year that’s passed, cash has flowed, businesses have grown and no major controversies have surfaced.
The recreational marijuana industry has accounted for 17 percent of the state’s taxable sales base this year, according to the department.
Nevada’s fledgling marijuana industry has taken off significantly faster than state officials anticipated. Now state regulators are scrambling to catch up.
Nevada Assembly Speaker Jason Frierson unveiled an education plan that would levy an extra 10 percent sales tax on recreational marijuana for public schools.
A united Clark County School Board called for the Nevada Legislature to take action on education funding in the midst of teacher walkouts and protests nationwide.
Nevada stores raked in $35.35 million in recreational pot sales during February, marking the third highest monthly sales total since recreational marijuana became legal to sell last July.
The state teachers union on Friday launched a new digital ad painting Democratic gubernatorial candidate Steve Sisolak as the “most conservative Democrat” in the race.
Gov. Brian Sandoval’s 12-member Gaming Policy Committee is poised to uphold the state’s previously approved stance that licensed gaming companies not have business relationships with Nevada’s marijuana industry.
Nevada wants to be the nation’s gold standard for marijuana regulation, and last week it got the chance to show off its mettle to visitors from the Garden State.
Sandoval, who appointed Contine as the director of the Tax Department in Nov. 2014, praised her as someone he could trust with difficult of tasks.
Nevada regulators are cracking down on marijuana testing labs, as nearly half of the state’s marijuana labs have had their license suspended in the last five months.
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