Nevada voters legalized the use of medical marijuana in 2000. In 2013, Senate Bill 374 was introduced to implement a regulated retail medical marijuana system. While 372 facilities received provisional certification under SB374, only 65 were authorized to operate by the end of 2016. In November, 2016, Nevada voters passed Question 2, authorizing the sales of recreational marijuana. Under the initiative, only existing licensees were eligible to conduct retail sales for the first 18 months of operations.
Nevada will be accepting applications for current medical licensees to seek authorization for adult-use sales from October 30-Nov 13, 2018. Nevada has indicated applicants who do not currently hold may be eligible to apply late in 2018.
Between July 2017 and March 2018, marijuana sales in the state generated $386 million. Of this, approximately $305 million came from the adult use, recreational market despite initial supply shortages. Industry analysis firm New Frontier projects the market value to grow to $622 by 2022.
Nevada’s marijuana system includes marijuana cultivation facilities, marijuana distributors, marijuana product manufacturing facilities, marijuana testing facilities, and marijuana retail stores.
Content updated October 19, 2018.