Las Vegas Nevada Recreational Marijuana Statistics
Nevada Recreational Marijuana Statistics 2018
The citizens of Nevada voted in favor of legalizing cannabis use for adults in 2016, paving way to legislation that ultimately made the recreational use of cannabis legal throughout the state beginning Jan. 1, 2017. Such legislation has remained in place since it was instituted just over two years ago. Here are nine statistics about recreational-use marijuana in the state of Nevada that you might find interesting.
1. Cannabis sales peaked within the first few months of legalization
Statistics indicate that cannabis retailers throughout Nevada collectively sold cannabis worth just short of $200 million within the first six months of legalization. October’s month of retail cannabis sales brought the highest amount of revenue. The market reached this peak in its fourth month of sales, experts believe, because tourists artificially inflated the dollar amount of sales.
2. Nevada brought in more than it expected in its first year of sales
Before businesses in Nevada began selling cannabis for recreational use, the state predicted that they would collectively sell $265 million in their first year of business. The mark the state’s retail cannabis stores actually hit was roughly 60 percent greater than what it had expected. Nevada is proud to have broken the mark by a greater margin than any other state that has made cannabis legal for recreational use. Good times are likely to keep rolling for the state of Nevada.
3. Nevada also killed its expectations for tax revenue
In the state’s first full year of legal cannabis sales, Nevada hauled in a whopping $70 million in tax revenue. The sum exceeded the state’s expectations by a margin of roughly 40 percent. The state has received more money in tax revenue in the first four months of 2018 than it did in the first six months’ worth of sales throughout 2017. Nevada’s burgeoning cannabis industry is likely to continue treating the state well.
4. Nevada placed sixth in terms of sales among all states that had legalized cannabis for recreational use
Since California legalized cannabis for medical use in 1996 up through mid-2018, the state generated some $2.75 billion in sales from both its recreational and medical cannabis programs combined. Although Nevada’s cannabis market hasn’t been up and at it for nearly as long as its counterparts, the state has overseen retail cannabis sales totaling $102.7 million. Nevada is trailed by Maine, Alaska, and the District of Columbia, respectively.
5. Tourists have helped boost Nevada’s recreational cannabis market
According to state statistics, some 40 million people visit Las Vegas alone each year. Las Vegas, as one of the most popular tourist destinations across the United States, is unique to most cities across the nation in that it draws in so many visitors. This is one of the major drivers behind why Nevada’s launch of its recreational cannabis market was so successful.
Since tourism’s popularity in Las Vegas has held steady over the past few decades, it’s safe to place bets on the popularity of Las Vegas to potential tourists in the coming years. As such, it’s also safe to determine that Nevada’s recreational cannabis market is certain to keep hitting high performance indicators in years to come.
6. Nevada’s total retail cannabis sales could reach upwards of $1 billion by 2025
Based on existing statistics from Nevada’s cannabis market, forecasts for upcoming years’ sales suggest that the total sales value of retail cannabis throughout Nevada could be as high as $814 million in 2025. This forecast comes from a larger set of forecasts that indicated the total dollar value of cannabis sales for 2017 would be $103 million. The actual sales number was, as mentioned above, greater than $250 million.
Adjusting the 2025 forecast using the actual data attained from 2017’s sales, Nevada could see nearly $2 billion in sales from its legal, regulated cannabis market. Based on the current performance of the cannabis market in Nevada, the state is likely to see a combined sales figure greater than $1 billion in 2025.
7. As cannabis has become more available to consumers, cannabis-related crashes have increased
Debating whether drugs, including cannabis, should be legal or not is a sticky topic. On one hand, legalizing and regulating the cannabis market takes power out of large criminal organizations’ hands. On the other hand, legalizing drugs makes those drugs more available to society.
The Insurance Institute for Highway Safety indicates that automobile crashes related to cannabis are up roughly six percent in Nevada since the state legalized the creational use of cannabis in 2017.
Although there are potentially more crashes related to cannabis in Nevada, determining the precise effect of legalizing cannabis for recreational use on driving is difficult. This is because determining if someone is under the influence of cannabis or not is challenging. Cannabis doesn’t linger on users’ breath like alcohol does, for example, and it typically doesn’t impair its users as much as alcohol does.
In the coming years, law enforcement is likely to develop means of more accurately determining whether drivers are under the influence of cannabis or not.
8. More people are visiting emergency departments due to complications related to cannabis use
For the longest time, many advocates of cannabis legalization have touted the drug’s safety, maintaining that it hasn’t killed anybody or caused anybody to suffer from serious health issues. However, people who aren’t tolerant of cannabis can quite easily take too much, spurring them to take trips to hospitals in search of remedies for their acute health issues.
In adults ranging from 25 to 64 years of age, there was an increase of visits related to acute health issues caused by cannabis to hospitals’ emergency departments by a factor of 125 percent from 2016 to 2017. The Nevada Department of Health categorized these aforementioned visits as being related to “marijuana poisoning,” a wealth of symptoms tied to the overconsumption of cannabis.
9. Fewer kids and adolescents seem to be using cannabis
Psychoactive drug use isn’t inherently bad. Humans have used drugs and cannabis recreationally and otherwise for thousands of years. However, it’s generally safe to say that young people shouldn’t use drugs until their brains have fully developed. As such, schools should strive to inform their students about the truths of drug use and why they should abstain from it for as long as possible.
In Washoe County, Nevada, 397 students were suspended or outright kicked out of school for possessing or using a controlled substance in the 2016-2017 school year. 514 students were suspended or expelled during the 2015-2016 school year. Experts believe that the legalization of cannabis in Nevada are to credit for the decrease in the number of kids caught using or possessing controlled substances.