Thursday, October 12, 2017 1:30:05 PM
https://www.accesswire.com/viewarticle.aspx?id=477574
$TGGI Cannabis Consortium has found its first licensed MJ company to partner with in Reno. Cannabis will be sending samples out shortly.
— Trans Global Group (@transggi) October 11, 2017
$TGGI - the Reno partner sits on the border of CA and NV. Cannabis will have immediate distr. in CA that future MJ partners can duplicate.
— Trans Global Group (@transggi) October 12, 2017
Possible prospect: http://reefdispensaries.com/
Possible prospect: http://sierrawell.com/
Possible Prospect:
Quote:
Nevada's first-month sales figures were nearly double those of Colorado’s and Oregon’s.
Friday 09/29/2017
by Chris Moore
Nevada's first month of recreational cannabis sales was a record-shattering success, according to data released by the state's Department of Taxation this week. Dispensaries sold over $27 million worth of cannabis products this July, bringing the state more than $3.6 million in tax revenue in just one month. This figure is nearly double the records set by other canna-legal states' initial sales. Colorado and Oregon sold around $14 million each during their first months of sales, and Washington sold under $4 million in its first month.
The sales figures are in line with the total annual sales projections by the Taxation Department. “Although July was not accounted for in our projections, the first month’s revenues demonstrate that the state’s structure appears to be collecting as a rate consistent with the consensus forecast,” Mari St. Martin, spokesperson for Gov. Brian Sandoval, said. Officials have predicted that recreational cannabis sales will bring the state $63.5 million over the next two years.
Out of the total $3.6 million in tax revenue, $2.7 million came from the special excise tax on recreational marijuana. This portion of the revenue will be reserved in a “rainy day fund” for the state to use as necessary. The state raised an additional $974,060 from the 15% tax levied on cannabis transfers between growers and sellers. In addition to the tax revenue, the state has collected $6.5 million in license and application fees. Some of this revenue will be used to cover the administrative costs of cannabis regulation, while the rest will go to the state's public education fund.
Three months into legalization, recreational sales do not seem to be slowing down. “We came out of the gate like a shotgun,” Matt Morgan, CEO of Reef Dispensaries, said. Morgan reported that his dispensary has a line of customers inside the store at all times, and the line stretches outside the store almost half of the time. Morgan said that he believes that the cannabis market in the state will continue to expand over time. “I still don’t think everyone understands that it’s recreational in Nevada yet,” he said.
https://merryjane.com/news/nevada-sold-a-record-breaking-27-million-dollars-of-cannabis-in-july
My posts are strictly my personal opinion and are not to be taken as investment advice. You should always contemplate strict and disciplined goals before making any form of investment. Remember: in the investment world, emotion is your worst enemy. Think
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