LAS VEGAS — The state of Nevada could reap more than $1 billion from marijuana production, processing and robust sales during the first seven years of recreational pot sales, according to an industry group’s economic analysis released Friday.
Pot-friendly policies, strict "seed-to-sale" regulations and the prospect of doing business with some of the 45 million tourists who visit Las Vegas and Reno each year could make Nevada one of the nation's largest marijuana marketplaces, said Andrew Jolley, president of the Nevada Dispensary Association.
He acknowledged that California, which began recreational pot sales this year, is expected to dominate the industry in size and scale.