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The research comes at a time when visitors’ spending habits are evolving

In a city known for saying yes, Las Vegas may be losing tourists because of one big no – cannabis in casinos.

Researchers examining Nevada’s gaming and cannabis industries have found that the long-standing separation between the two could limit tourism, especially if visitor preferences continue to shift toward more experiential travel.

While recreational marijuana is legal in the state of Nevada, its use is mostly restricted to private premises and licensed lounges – and is notably prohibited in resort casinos. This creates a gap in a city that is known for offering everything in one place.

According to the conclusions highlighted by CDC reports on gamingthat gap could work against Las Vegas as it struggles for visitors.

These data make the shift hard to ignore:

  • About 70% of respondents support the use of cannabis in casino settings
  • About 40% say they are more likely to gamble in facilities that allow cannabis
  • Researchers found little evidence that cannabis use reduces gambling activity

Translation: Cannabis doesn’t compete with casinos—it just might get more people through the door.

To read the rest of this article on 8 News now, Click here

Ayrloom

A New York Apple Orchard Bet The Farm On Cannabis

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A New York Apple Orchard Bet The Farm On Cannabis

As the truck pulls up to the loading bay of a warehouse at a 1,000-acre apple farm in Lafayette, New York, a worker rolls back the door to the loading area, revealing 35 three-foot-tall sacks filled with 5,000 pounds of weed.

Eddie Brennan, the 44-year-old president and CEO of Beak & Skiff Farms, known for its 1911 hard cider brand, and CEO of Ayrloom, the Empire State’s top-selling cannabis company, watches as his employees haul bags of cannabis to the door of the extraction lab. Today’s harvest will be crushed and then put through an ethanol extraction process (the ethanol comes from a nearby distillery) and made into a vape. Entering the legal cannabis industry was a risk, but Brennan’s family business, which has historically depended on seasonal apple sales for 80% of its revenue, needed to expand into the fast-growing sector.

“Every generation thinks they’re going to lose it—the fear is part of the business plan,” says Brennan, a fifth-generation co-owner of the family farm. “Nothing lasts forever and you have to constantly evolve.”

To read the rest of this article on Forbes, Click here *PAYWALL*

Post A New York apple orchard has become a cannabis farm first appeared on Marijuana Retail Report – News and information for cannabis retailers.

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“No One Goes First”

Amsterdam-style lounges with cannabis are still coming to Massachusetts — just much more slowly than many business owners expected.

Six months have passed since the day of the commission on the fight against hemp approved regulations for these businesses. But the cities almost did not pass zoning changes for businesses to move forward – and the commission hasn’t opened up licenses for applications. Both the municipalities and the commission say they are waiting for others to move forward.

Meanwhile, businesses across the state are losing money as they wait for the opening. Many have spent tens of thousands of dollars renting, renovating and planning new public smoking areas.

To read the rest of this Boston Globe article, Click here

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