Tag: Nevada
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Nevada Issues Six Cannabis Consumption Lounge Licenses To Social Equity Applicants
The State of Nevada will soon have more cannabis consumption lounges after regulators recently approved six new licenses, all to social equity applicants. There are currently only two legal cannabis lounges operating in the State of Nevada. “The applications were selected using random number generator software,” the Nevada Cannabis Compliance Control Board (CCB) stated in…
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38 More Nevada Cannabis Lounge Applications Are Being Considered By Regulators
Nevada is one of the top tourism states in the U.S., with Las Vegas seeing over 40 million tourists visit the city in 2023 alone. Nevada is also home to a legal adult-use cannabis industry that includes permitting cannabis lounges, although the cannabis lounge sector is still very small and young. More lounge applications are…
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How Many Legal Cannabis Lounges Are There In Nevada?
With a population of roughly 3.2 million people, the State of Nevada ranks 32nd for total population among its U.S. peers. However, Nevada experiences the 3rd most tourism in the country, only behind California (#1) and Florida (#2). An estimated 40.8 million people visited Las Vegas alone in 2023, a 5.2% increase over 2022. According…
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How Many Legal Cannabis Production Licenses Has Nevada Issued?
According to the State of Nevada Cannabis Compliance Board, as of May 2024 there are 674 total medical and recreational operational licenses/certificates statewide. Additionally, as of December 2023, there were 15,435 registered agent card holders in Nevada’s cannabis industry. “Nevada currently has 140 cultivation facilities and 103 production facilities for recreational cannabis, per the CCB website, along…
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Which Nevada Colleges Offer Cannabis Industry Courses?
Nevada voters first approved adult-use cannabis legalization in 2016 on Election Day along with California, Massachusetts, and Maine. Since that time, Nevada’s cannabis industry has grown considerably, although the overall size of the Nevada market fluctuates. Cannabis industry data company Headset reports that Nevada’s legal cannabis industry sold roughly $60.5 million worth of cannabis products…
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Indigenous Tribes Now Own 59 Dispensaries In 9 U.S. States
The emerging legal cannabis industry in the United States extends beyond state-level legalization to sovereign tribal nations. Many indigenous tribal nations have entered the legal cannabis space in recent years, including launching retail medical and adult-use cannabis outlets. According to recent reporting by MJBiz Daily, tribally owned cannabis retail outlets increased 25% since 2023. “Nationwide, the…
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U.S. Adult-Use Cannabis Industry Surpasses $20 Billion In Total Tax Revenue
The United States adult-use cannabis industry has generated over $20 billion in total tax revenue since the first legal recreational cannabis purchase was made in Colorado on January 1st, 2014 according to a new report by the Marijuana Policy Project. “Through the first quarter of 2024, states have reported a combined total of more than…
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Wholesale Cannabis Prices Dropped By 8.1% In The U.S. In 2023
According to a recent analysis by LeafLink and Cannabis Benchmarks, and published by MJBiz Daily, the price for wholesale cannabis flower dropped by an average of 8.1% across 13 legal U.S. markets in 2023. “Only three state markets experienced wholesale cannabis flower price increases in 2023: Alaska (7%), Missouri (20%) and Oregon (6%), according to LeafLink.” stated MJBiz…
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What Are The Best And Worst U.S. Cities For Cannabis Businesses And Consumers?
Colorado and Washington State made history in 2012 when their voters became the first in the United States to ever pass a statewide adult-use legalization measure. Since that time, 22 other states and the District of Columbia have also passed adult-use cannabis legalization measures, many of them permitting legal recreational cannabis commerce. Cannabis remains illegal…
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Are Legal Cannabis Sales Associated With An Increase In Youth Consumption Rates?
A common prediction made by cannabis opponents leading up to the legalization of adult-use cannabis sales in a given jurisdiction involves a potential spike in cannabis consumption rates among young people. However, a team of researchers from the University of Nevada (Reno), the University of New Mexico, and the New Mexico Department of Health recently…