State-Wide Cannabis Revenue Is Down Due to Inflation
By TheNevadaGlobeStaff, October 6, 2022 2:22 pm
LAS VEGAS, Nev. (702 Times, NV Globe) -Statewide cannabis revenue is down, according to the state’s cannabis board.
People appear to be opting to spend their money elsewhere when petrol, food, and other necessities become more expensive.
According to a recent Cannabis Compliance Board report, marijuana taxable sales increased by 4% in fiscal year 2022 compared to fiscal year 2021.
According to the statement, the sector did suffer a drop in sales in the first half of the year, and cannabis firms are not immune to the impacts of inflation as customers shift their spending patterns.
The state education fund received over $150 million in income this year.
Credits: News3LV
Copyright 2022 702 Times, NV Globe. All rights reserved.
- Pedestrian Stumble Triggers Fatal Midnight Hit-and-Run on West Craig Road; Metro Hunting Dark SUV - July 13, 2026
- Trump Moves to Rebuild America’s Aviation Industry With New Aircraft Trade Order - July 13, 2026
- Intolerable Heat Wave Spikes Las Vegas past 111 Degrees as Heat Dome Enforces Major HeatRisk Protocols - July 11, 2026
RELATED ARTICLES
-
-
-
September 16, 2022
