Marijuana Business Magazine - May-June 2018

Nevada Since starting recreational marijuana sales a year ago, retailers sold more than $195 million worth of cannabis through December, or more than $1 million a day. Based on those numbers, the Silver State is on pace to exceed $400 million in sales for its first year. The quick success for Nevada’s recreational cannabis industry was likely boosted by the state’s “early start” for rec sales and the 40 million-plus tourists who visit Las Vegas each year. New Mexico Nearly 18,000 new patients enrolled in the state’s medical marijuana program during the 12 months end- ing December 2017, a 61% jump. The increase in patients is the largest over a single-year period since the pro- gram launched in 2007. Such strong growth is rare for a medical cannabis market as mature as New Mexico’s and comes amid a series of failed attempts to expand the state’s MMJ industry.