USA Today: Nevada Dispensaries Open For Business


RENO — 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 Department of Taxation will not release numbers for state revenue from recreational marijuana sales until late September, according to department spokeswoman Stephanie Klapstein, but industry leaders said sales were on par with expectations for the first week.

Nevada Dispensary Association Executive Director Riana Durrett “very roughly” estimated that Nevada made $1 million from taxes between Saturday and Tuesday, and dispensaries as much as $3 million.

Source / Full Article: USA Today