LEAFLY: 5 Lessons Learned: Nevada’s First Week of Adult-Use Cannabis Sales

July 12th, 2017 Posted by CANNABIS INDUSTRY 0 comments on “LEAFLY: 5 Lessons Learned: Nevada’s First Week of Adult-Use Cannabis Sales”

At midnight on July 1, Nevada became just the fifth state to launch a legal, adult-use cannabis market. Under skies lit with celebratory fireworks, thousands lined up outside dispensaries to make a purchase on the first day of sales.

The launch came nearly eight months after state voters approved Question 2 to legalize adult-use cannabis—a blink of an eye compared to other states, many of which have been hit with long post-legalization delays. Not only were sales fast, they were also heavy: During the first four days, dispensaries raked in nearly $3 million in revenue and generated about $500,000 in taxes for the state, according to the Nevada Dispensary Association. The stronger-than-expected sales have been a boon to dispensary owners, but they’ve also raised concerns among some officials that stores risked running low on product.

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