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August 2019

BDS Analytics Releases July 2019 Nevada Retail Sales Report

The July report compares July 2019 sales numbers to the year previous, finding that Nevada dispensaries generated $61.3 million in sales in July 2019, 27% growth compared to July 2018. Compared to June 2019, sales increased by 6%.

Other notable numbers included in the report were flower/bud sales, which made up 42% of sales in July 2019 at $25.7 million. Concentrate sales increased 44% compared to July 2018, contributing to 28% of sales in the most recent reporting period.
 

Click to view the full July 2019 Nevada Retail Sales Report.

Upcoming Live Trainings


Mon., Sept. 16 : Live Webinar: Cannabis Product Info 101 & 102. Register to join NDA Program Director online for a live webinar. CLICK TO REGISTER

Fri., Sept. 27 : Detecting/Preventing Prohibited Microbes & Understanding Certificates of Analysis with Cindy Orser, PhD (CSO of DigiPath Labs and founder of Big Sky Biosystems).

Mon., Sept. 30 : Marketing, Advertising, Packaging & Labeling Compliance with NDA Executive Director Riana Durrett, Esq.

CLICK TO RESERVE YOUR SEAT

KNPR: State of Nevada

A New State Law May Solve Marijuana's Banking Problem

"What we're creating is an electronic token-based system that will exist within Nevada that will allow cash to become tokens within the system and then those tokens can transmit around between dispensary and production facility, production facility and cultivation, cultivation and, say, a plumber, and then back to the state for redemption as cash," he said.

...The industry definitely needs a solution to this problem, said Ben Sillitoe, the treasurer of the Nevada Dispensary Association and CEO of Oasis Cannabis Dispensary.

“We pay a lot of bills in cash and that’s because most of our vendors, our suppliers are not able to accept checks, or maybe we’re having difficulty getting money into our bank account because we don’t have typical credit card processing that would just put money in there every day,” he said.

For the full article, visit the KNPR website here.

Proposed Clark County Ordinance to Amend Chapters 8.60 and 8.65 - Medical and Retail Marijuana Establishments

The ordinance would amend Title 8 of the Clark County Code (Chapter 8.60, Medical Marijuana Establishments and Chapter 8.65, Retail Marijuana Establishments). It would provide for an increase to business license fees, add additional requirements regarding advertising, and provide for other related matters.

According to the county's business impact statement, this ordinance would terminate the current gross revenue fee calculations by Dec. 31, 2019 and implement a 3% license fee on all revenue of both medical and retail marijuana establishments. The statement also details the changes to advertising, including what can be included in advertisements, depictions of marijuana and marijuana products exceeding 15% of advertising, and etc. Finally, the change would provide for submission of requests for approval of any sign/advertisement to the Department as well as an appeal process if the request is denied.
 

Click to download the full ordinance and the business impact statement.

UPCOMING INDUSTRY EVENTS


WHAT : Cannabis Business Den Soft Launch Party
WHEN : Fri., 9/6 at 5 p.m.
WHERE : 701 East Bridger Avenue, Suite 400 | Las Vegas, NV 89101
DETAILS : Kick off the soft launch of the Cannabis Business Den with a casual meeting of the minds to discuss the kind of events and opportunities you’d like to see out of The Den. This is an invite-only event with beer and wine, hor d'oeuvres and prizes that you won’t want to miss!
RSVP : Click to RSVP by September 1
 

WHAT : Town Hall Meeting
WHEN : Tue., 9/17 at 10 a.m.
WHERE : Las Vegas Metropolitan Police Headquarters | 400 South Martin Luther King Boulevard, Building B | Las Vegas, NV 89106
WHO : All security managers, operations managers, and licensees welcome.
DETAILS : Presentations by LVMPD Narcotics Department and Nevada Dispensary Association
RSVP : Click to RSVP to info@nvdispense.com by September 13

Nevada Department of Taxation Issues Public Health & Safety Advisory

Affected marijuana failed secondary total yeast and mold testing conducted by an independent testing laboratory.

The text of the Department of Taxation's full release can be downloaded by clicking here.

UPCOMING CLASS SPOTLIGHT: Detecting/Preventing Prohibited Microbes & Understanding Certificates of Analysis


Join Cindy Orser, PhD, CSO of DigiPath Labs and founder of Big Sky Biosystems on Friday, September 27, 2019 from 4-5:30 p.m. at the Treehouse Learning Center (2550 South Rainbow Blvd., Suite 11) for Detecting/Preventing Prohibited Microbes & Understanding Certificates of Analysis.

Join us as we breakdown how you can catch prohibited microbes (i.e., mold and yeast) in products sitting on your shelf, as well as tips on how to prevent them from forming in the first place.

For the Understanding Certificates of Analysis portion of the class, we will be discussing the robust details that are included on a certificate of analysis and required to accompany every cannabis product sold in Nevada. Because these details can often be overwhelming or confusing, this portion of the training will help you analyze the analysis.

Tickets are $50 and attendees will receive a certificate of completion.
 

CLICK TO REGISTER NOW

NDA in the Press

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