July 1st kicked off the first day for recreational cannabis sales in Nevada. From the looks of the lines in Las Vegas, Nevada had a good day.
Per MJ Biz Daily
Nevada recreational marijuana sales began with a bang this past weekend, with store owners reporting that purchases far outpaced those of medical cannabis as the state became the fifth in the nation to offer adult-use products.
After the doors opened at 12:01 am Saturday, dispensary owners reported, hundreds of customers flooded their stores each of the first two days of sales, with shoppers snapping up edibles, flower and vape pens.
Residents, tourists and even shoppers from neighboring Utah participated in the buying spree, taking advantage of an early start to Nevada’s adult-use cannabis program. One dispensary operator said adult-use purchases were about 10 times more than those of MMJ on a typical day.
Such consumer enthusiasm is expected to generate tens of millions of dollars in new sales for Nevada retail marijuana businesses through the second half of 2017.
Dispensary operators in Nevada’s largest city were especially busy. Larry Doyle, owner of Euphoria Wellness in Las Vegas, said his store averaged about 675 rec customers Saturday and Sunday. Euphoria was forced to turn away about 200 people at 3 a.m. Saturday, which was a six-figure day in sales, according to Doyle.
“It was so overwhelming I don’t think the staff had a great time,” he added.
Looking ahead, store owners said they believe they have enough product on hand to meet demand in the coming weeks. But after that, it’s an open question, owing to a simmering legal dispute with alcohol wholesalers.
Read more about Nevada and projections here