Category Archives: Nevada cannabis

Green Thumb Industries buys Nevada cannabis business in $290 million deal

Green Thumb Industries (GTI), a multistate marijuana company, has agreed to purchase a Nevada-based, vertically integrated cannabis company in a stock and cash deal valued at about $290 million. The deal expands Chicago-based GTI’s footprint in Nevada, home to one of the fastest-growing, adult-use MJ markets in the nation. The acquisition includes: Three retail stores in […]

Nevada’s first year of recreational marijuana sales surpasses expectations

Nevada regulators and industry insiders say the state’s first year of broad cannabis legalization exceeded even their highest estimations, with sales and tax collections already surpassing year-end projections by 25%. Numbers from June are still outstanding, but they are expected to push taxable sales past $500 million, netting total tax revenue in the neighborhood of […]