Nevada began recreational marijuana sales last July and the success the state has had with marijuana sales this past year has exceeded expectations.
Regulators in the state as well as industry insiders have said that Nevada’s first year has seen sales and tax collections passing year-end projections by 25%.
Andrew Jolley, president of the Nevada Dispensary Association remarked, “I think it has been a huge success, and I don’t see how anyone could argue with that.”
In the first six month of sales, Nevada’s $195 million easily surpassed the totals in Washington state of $67 million as well as Colorado at $114 million.
“We are viewed by many others outside Nevada as essentially being the gold standard,” Nevada Taxation Department Director William Anderson told The Associated Press. “It’s an often-used term, but it’s appropriate here.”
State Sen. Tick Segerblom, a Las Vegas Democrat who helped pushed for marijuana legislation in the state has said that the “biggest surprise has been that there’ve been no surprises.”