Pot prices have risen 200% as demand outstrips supply in Nevada. This post from Forbes reveals how weed shortage and spiked up prices are ruling the market. Nevada's recreational marijuana sales have only been legal since July 1 and the market can't keep up with the demand. A combination of last-minute distribution issues and larger than expected sales have caused ... Continue Reading
Nevada
The Night Legal Marijuana Came to Las Vegas
On the ground in Las Vegas the night marijuana became legal for all adults! This post from Rolling Stone covers Nevada's first night with recreational weed. At first glance, it's hard to decide who's wearing the better outfit: the mustachioed man with the bud-leaf button-up and rhinestone ball cap, or the ponytail guy with the tie-dye shirt featuring a Rastafarian Cookie ... Continue Reading
Recreational Weed Garners $500,000 In Taxes
First days of recreational marijuana sales in Nevada generated about $500,000 in taxes. This post from Las Vegas Sun Newspaper reports the exciting legalization of recreational weed in the state. The first four days of legal recreational marijuana sales generated $3 million in sales revenue and about $500,000 in tax revenue, putting Nevada on pace to achieve an estimated $30 ... Continue Reading
First Medical Marijuana Dispensary Opens In Las Vegas Area
The first legal medical marijuana dispensary in Clark County opened last week and made its first sales to invited customers. The fact that marijuana is finally becoming mainstream was reflected by people walking out of the shop with their bags as they would from any other store, getting in their cars and driving home. This post from Marijuana Policy Project describes the ... Continue Reading