sales

Sales of recreational marijuana have blown past expectations in Nevada, threatening to leave some dispensaries with empty shelves. After Gov. Brian Sandoval endorsed a statement of emergency in the first week of legal sales, regulators are looking to bolster the supply chain. The Nevada Tax...

Dispensaries in Nevada are facing a pot shortage and lost sales could result in less funding for the state’s schoolchildren. Recreational pot is taxed at 33% to 38%, depending on local regulations. A 10% sales tax goes to the Nevada's rainy day fund, but a 15% cultivation tax on cannabis sales...

When legislators estimated that as much as $100 million in state tax revenue could be generated in the first two years of Nevada's recreational marijuana industry, they couldn't have seen this coming. Through the first four days of legalization, starting July 1, the new industry made $3...

Nevada dispensaries are selling marijuana at such a fast rate since opening their doors July 1, the state is reporting a weed shortage that could threaten jobs in the burgeoning industry. The Nevada Department of Taxation announced Friday that less than a week into the first legal sales in...

With recreational marijuana quickly leaving the shelves of Nevada dispensaries, Gov. Brian Sandoval on Friday signed emergency regulations that could keep sales going strong beyond the first week. Some dispensaries have told the state that a legal fight over distribution rights could put them...

Sin City's latest vice is fast turning into a crowd favorite statewide. Legal recreational marijuana sales in Nevada generated $3 million in sales revenue and roughly $500,000 in tax revenue in their first four days, according to the Nevada Dispensary Association. That puts the state on track...

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 million in sales revenue over the next six months of recreational sales, according to the Nevada Dispensary...

The four Reno dispensaries licensed to sell recreational marijuana each raked in "hundreds of thousands of dollars" in the past four days from the state's first legal recreational marijuana sales, according to Will Adler, executive director of the Sierra Cannabis Coalition. The Nevada...

Recreational marijuana sales have exceeded the expectations of Las Vegas area store owners, who have seen long lines outside their dispensaries since Saturday, when Nevada became the fifth state with shops selling pot to the public. That move jumpstarted a market projected to be fueled by the...

Recreational marijuana sales have exceeded the expectations of Las Vegas area store owners, who have seen long lines outside their dispensaries since Saturday, when Nevada became the fifth state with shops selling pot to the public. That move jumpstarted a market projected to be fueled by the...

At the stroke of midnight, Nevada will become the fifth state in the country to allow customers to purchase marijuana for recreational use. About 40 dispensaries that currently sell medical marijuana have received permission to sell pot to adults over the age of 21 beginning Saturday, and a...

Marijuana sales in Nevada's newly minted legal recreational market will begin on Saturday. Starting at 12:01 a.m. July 1, adults age 21 and older will be able to buy up to an ounce of marijuana, or one-eighth of an ounce in marijuana-infused edibles and concentrates. Retail sales will be...

Colorado is used to seeing marijuana sales tax dollars spike in April, thanks to the 4/20 holiday on April 20, but that wasn't the case this year, according to the Colorado Department of Revenue. Sales tax data from the regulatory agency responsible for overseeing the state's Marijuana...

Colorado is often cited as the bellwether of America becoming a marijuana nation. With our legalization of medical marijuana in 2000, and of recreational marijuana in 2012, we helped open the floodgates to what has become a national movement. After the November elections, in which four...

Adding cannabis to everything from iced coffee to breath mints, startups are jockeying for a bite of California's growing marijuana edibles market as the state gears up to allow recreational pot sales. The industry that barely existed 10 years ago – apart from a few bakers making pot brownies...

There may be a retail apocalypse going on, but you wouldn't know it from Washington state's retail sales in 2016. Taxable sales from retailers in this state increased 6 percent to $63.2 billion in 2016, according to the state Department of Revenue. And the type of store that grew sales the...

Twenty years after approving medical marijuana, Californians come 2018 will be able to consume it for recreational purposes, too, and the localities that have reaped the most from legal cannabis sales may be best positioned for what could be a billion-dollar windfall. Los Angeles, San...

The marijuana industry is growing like a weed, and investors have certainly taken notice. Far more marijuana stocks than not have seen their valuations double, or perhaps run even higher, over the trailing 12-month period. Why are marijuana stocks in such high demand? Look no further than...

Massachusetts is expected to get a big payoff from future recreational marijuana sales, entering a billion dollar industry. Now, many lawmakers want to use a piece of the pot money. Voters passed recreational marijuana in November of last year so you can smoke it, but you can't legally buy it...

Marijuana is legal in eight states and the District of Columbia, and medical marijuana is legal in nearly 30 (although often under quite restrictive regulatory schemes). Between the two, legal weed is generating total annual sales of between $4 billion and $4.5 billion. But legal marijuana...