Nevada’s cannabis tourism industry is the perfect marriage of two of its strongest profit-making markets.
Nevada’s cannabis tourism industry is fuelling the success of one of the “gold standards” for legal cannabis jurisdictions in the United States.
Nevada can thank its thriving tourism industry for its leader status which will largely be driven by the newly legalized adult-use market in the world’s premiere entertainment destination. The legislation has proven to be a huge opportunity for the state’s most famous city, Las Vegas—poised to become the world’s largest adult-use cannabis tourism industry.
While cannabis consumption remains a no-go at the Federal level, that hasn’t stopped the growth of the state-legal cannabis industry. In fact in 2017, according to a recent report by Arcview Market Research and BDS Analytics, the US cannabis market grew by 31 percent to reach $8.5 billion. As more states legislate for medical-use and adult-use cannabis programs, that figure is expected to hit $11 billion in 2018 and $23.4 billion by 2022, representing nearly three-quarters of the global legal cannabis market. Within that scope, Nevada is set to be a big player in the US legal cannabis market.
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1933 Industries Inc. (CSE:TGIF, FWB:1QF, OTC:VPGDF) owns and controls cannabis- and hemp-based assets in Las Vegas Nevada. The company is a licensed cannabis producer building a vertically integrated model to serve multiple facets across the value chain of both the medical and recreational cannabis markets in North America.Send me an Investor Kit Nevada’s legal cannabis market
Nevada became the fifth US state to legalize adult-use cannabis in July 2017 when it added recreational use to its existing legal model for the cultivation and sale of medical cannabis. While the state’s card-holding medical cannabis consumers—the number of which