Nevada: Recreational cannabis sales break records

The State of Nevada, which began selling recreational cannabis last week, has already generated $3 million in sales, according to an article in the local newspaper Las Vegas Sun. Approximately $500,000 in tax revenue was collected in just 4 days. Nevada is reportedly preparing to sell $30 million worth of cannabis over the next 6 months, which would generate $5 million in tax revenue.

The weekend coincided with the celebration of U.S. Independence Day on July 4. To mark the occasion, large crowds gathered outside health clinics in the state of Nevada and the world-famous entertainment capital.

Consumers waiting to enter a cannabis dispensary in Las Vegas

With temperatures hovering around 43 degrees across the state, some clinics were handing out tents, water, and misting devices to prevent patients from fainting before they even entered the clinic.

Sales of recreational cannabis have far exceeded the expectations of dispensary owners in the state, who did not believe there would be long lines outside their stores when Nevada has become the fifth state to legalize the sale and cannabis cultivation in the United States. Some dispensaries had to close later than expected, while others even had to turn away customers.

Leslie Bocskor, banker and founder of the Nevada Cannabis Industry Association stated that Leafly : «We’re seeing the black market in Nevada gradually come to an end. This is good for the economy and for tax revenue. People consider Nevada’s cannabis regulations to be the best in the world.»

Las Vegas: The New Amsterdam of the West Coast?

The city of Las Vegas welcomes approximately 43 million tourists each year. The Sin City This figure could skyrocket in the coming months.

The Nevada Department of Tourism plans to incorporate cannabis into its marketing campaign in order to determine how cannabis This legalization will attract more tourists.

However, tourism officials in the country avoid promoting cannabis because it is still illegal at the federal level.

Furthermore, cannabis use is permitted only in private settings. Use in public places remains prohibited in the United States, particularly in hotels and casinos. If caught, a user will be fined $600.

In the wake of this statewide ban, Nevada officials are struggling to envision the future and are reluctant to consider the idea that Las Vegas might become the new Amsterdam. Nevertheless, observers and members of the cannabis industry see considerable tourism potential in Las Vegas and throughout the state of Nevada.

Mehdi Bautier