On November 8, 54 percent of Nevada voters passed Question 2, which will legalize cannabis for adult use.
Last month, Nevada State Senator Tick Segerblom told Cannabis Wire that the state will have the “most business-friendly laws in the country” for the cannabis industry. (Segerblom co-authored Question 2.)
What does this mean for the state?
Cannabis Wire estimates that cannabis sales in Nevada could hit $200 million by 2020. Right now, 44 dispensaries serve the state’s 22,170 registered patients. But some of those shops might decide to move into the recreational use market, and they will be first in line to do so for 18 months. (The only license type they won’t have first access to will be a distributor license, which will first to existing alcohol distributors who want to be part of the cannabis industry. No other legalization initiative has done this.)
Segerblom also told Cannabis Wire that he expects legalization to be a draw for tourists. “We’ll advertise all over the world: Come to Nevada, get stoned, have a great meal, go to a great concert,” he said.
For more details about this initiative, and a 50+ page dive into the state that will shape the cannabis industry for years to come, check out the recently released Cannabis Wire California Legalization Report.