Marijuana Business Magazine - February 2018

Nevada The state’s recreational marijuana market remained red hot during the fall, showing few signs of slowing since launching last July. Sales of recreational marijuana hit a record $37.9 million in October – up from $27.7 mil- lion in September. Under Nevada’s “early start” program, licensed medical marijuana dispensaries were allowed to begin selling adult-use cannabis last July while regulators worked through the recreational licensing process. The initial pace of sales exceeded early totals in other adult-use markets. New Mexico New Mexico saw a 77% increase in registered medical marijuana patients last year, giving the state’s dispensa- ries a significantly larger pool from which to attract cus- tomers. The state’s registered patients totaled 45,347 as of Nov. 30, a net gain of 19,650 over the previous year. It was New Mexico’s largest increase in patients over a one-year period since the program launched in 2007. 26 • Marijuana Business Magazine • February 2018