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Legal Las Vegas Marijuana Sales Reach Anther Benchmark in August, But Not All Is Perfect

Legal Las Vegas Marijuana Sales Reach Anther Benchmark in August, But Not All Is Perfect

Las Vegas marijuana sales are still on the rise with the most recent numbers for August from the Nevada Department of Taxation showing over a $3 million increase from last August. Reportedly, there were a total of $48.8 million in taxable cannabis related sales in August that included both recreational, medical and wholesale marijuana sales.  The Department of Taxation released a statement about the financial progress of the cannabis industry in Las Vegas and the rest of Nevada.

“For August and July of this year, the Wholesale Marijuana tax saw more than double the collections for those same months last year,” the statement said. “August is the third record-high month in a row for revenue from that tax, with the month’s collections just shy of $3.9 million.”

“While this represents a relatively small portion of the state’s overall monthly taxable sales, which were about $5 billion in August, the upward trend we have seen in marijuana excise tax revenue since adult-use sales began indicates this nascent industry is continuing to develop,” the tax department said.

While the increased tax revenue is certainly good for Las Vegas residents and the rest of Nevada, not all is perfect. While police do not have records to compare specific marijuana related infractions before marijuana became legal in Nevada, such as illegal marijuana concentrate sales, problems from the illicit market are still very present. One of the main intents of marijuana legalization is certainly to curb the illicit market. While there are certainly examples of that occurring, new problems are arising.

“It’s been a learning curve for law enforcement, for the community, for the buyers, for the businesses.  Everybody is kind of going through this together,” Lieutenant Eric Calhoun of the Las Vegas Metropolitan Police Department recently stated. “We have been busier with the black market stuff. What we are seeing now with legalization is that we have people come [online] misrepresenting themselves. They are basically representing themselves as a legal business.”

Las Vegas marijuana sales, illegal marijuana in Las Vegas, CraigsList, Las Vegas marijuana lab testingWebsites like CraigsList.com is full of illegal marijuana sales offers posing as legitimate businesses. The street also has its illegal activities as well, thought they are different than they once were. Lieutenant Calhoun continued, “Obviously, we get calls at the dispensaries. They will get someone that is disorderly, or they get suspicious people in their parking lots.” In 2017 video footage shows a group of people trying to break into the CannaCopia dispensary. In the last year authorities have confiscated 457 pounds of THC oil and 300 pounds of marijuana wax, the concentrates used for dabbing. These sorts of variations of marijuana were not something that existed in the illegal market ten years ago.

Las Vegas marijuana sales, las vegas marijuana concentrates, cannabis oil, marijuana waxIt would be unreasonable to believe that legalizing marijuana would just make the illicit market disappear entirely in Nevada, however with time it is certainly the plan for police to root out the remaining illegal activity. With cannabis legalization comes better quality and safer products with proper packaging. It is one of the main purposes behind marijuana lab testing facilities. How much longer do you think it will take Las Vegas authorities to eliminate the illegal market almost entirely?

read more at fox5vegas.com


About Richard Lowe

I have been writing about the cannabis space for over two years now and have had the opportunity to interview cannabis legalization advocates like the former president of Mexico, Vicente Fox, along with many of the founders and CEOs of some of the largest cannabis companies in the world. With a BA in journalism from the University of Massachusetts along with a minor in wildlife and fisheries conservation, I have always found it fascinating to write about plant and animal life. The work being done by Digipath Labs is uncovering secrets about the cannabis plant and it is very exciting to learn and write about this incredibly complex plant. I also spent 14 years working in the financial sector.

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