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Nevada Pot Group Projects Billion-dollar Industry by 2024

Nevada Pot Group Projects Billion-dollar Industry by 2024

The Canadian Press
Mandalay Bay Hotel - Las Vegas, Nevada, USA, 5.10.2013

Nevada Pot Group Projects Billion-dollar Industry by 2024

LAS VEGAS — A marijuana trade group says pot production, processing and sales could be a billion-dollar industry in Nevada by 2024.

That’s a key finding in an economic analysis being released Friday by the Nevada Dispensary Association.

It projects that pot-friendly policies in tourist-oriented Las Vegas and Reno could make Nevada one of the nation’s largest marijuana marketplaces.

The report comes weeks after state officials reported that first-year taxable pot sales totaled almost $530 million statewide.

Nevada reaped just under $70 million in tax revenue since sales started July 1, 2017, including $27.5 million for schools.

The analysis by Las Vegas-based RCG Economics didn’t look at public safety, health, human services, schools or criminal justice costs associated with legalization.

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Nevada is among nine states and Washington, D.C., that have broadly legalized marijuana.

The Associated Press

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