Nevada marijuana consumers spent $965.1 million on adult-use and medical cannabis between July 1, 2021, and June 30, 2022, a 3.8% decline from the previous-year period.
That’s according to a Nevada Cannabis Compliance Board (CCB) report, which includes marijuana sales figures for the regulator’s 2022 fiscal year.
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The report was prepared for state legislators in January, a CCB spokesperson told MJBizDaily.
The sales figures were previously released in September 2022.
“This decline is consistent with sales trends in other states with mature cannabis markets and can be attributed at least in part to after-effects of the COVID-19 pandemic,” the CCB’s January 2023 report noted.
“This is the first time that cannabis sales in Nevada have declined since we legalized cannabis for adult use,” CCB Executive Director Tyler Klimas told Reno-based radio station KUNR.
The average retail price of cannabis bud was $7.18 per gram during the
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