Reno Nevada is Raking In Recreational Marijuana Sales Too

Reno Nevada had four dispensaries ready to sell recreational marijuana on opening day this past weekend relative to the 40 that Las Vegas had in place. Like the rest of the state, Reno is pulling in lots of sales, even more than Las Vegas on an average per store basis.

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.

“Naturally, it will drop off because the first day was a novelty,” Durrett said. “I think (sales) will stay healthy because this market exists now, and I think people will be relieved to come out of the shadows.”

Other states that had legalized recreational pot eclipsed Nevada’s estimated numbers.

Oregon dispensaries made $3.2 million on the state’s first day of sales and more than $11 million in their first week, according to a 2015 article in Time. Colorado dispensaries made more than $5 million in their first week, although Washington dispensaries didn’t make $2 million until four weeks in, the same article said.

On a local level, however, Reno’s green team was thrilled.

“Reno had bigger numbers than Las Vegas” per dispensary, said Sierra Cannabis Coalition’s Adler. Granted, Reno had four dispensaries partaking in the early start progra, while Las Vegas customers had about 40 to choose from.

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Source: MJFeed

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