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New Frontier in partnership with Arcview Market Research, has released the 2016 Nevada Legal Cannabis Market State Profile, which shows the potential growth of the legal cannabis market in Nevada if voters choose to legalize adult-use cannabis in November. Over the next four years, annual legal cannabis sales in the states are projected to grow at a compound annual growth rate of 51%; from $121.6 million in 2016 to an estimated $629.5 million by 2020.
This report goes into detail on:
- How the new regulations will affect the market
- Market projections for the adult-use & medical use markets
- Canna-tourism in both the medical and adult-use markets
- The growth of concentrates and infused products
- The role of delivery services in expanding market access
- Energy use and the limitations on indoor cultivation
- Banking and access to financial services
* Published June 2016
