Marijuana Sales in Nevada Exceed Stores’ Expectations
LAS VEGAS (AP) — Recreational marijuana sales have exceeded the expectations of Las Vegas area store owners, who have seen long lines outside their dispensaries since Saturday, when Nevada became the fifth state with shops selling pot to the public.
That move jumpstarted a market projected to be fueled by the tens of millions of visitors that Sin City welcomes each year.
Eager pot customers on Monday again lined up before dispensaries opened their doors. Some were looking to make their first purchase since Saturday, and others were shopping for seconds. Tourists and locals alike have taken advantage of the change in state law.
Lance Armstrong’s PEDs Were Bunk, Didn’t Enhance Performance
The only thing worse than losing seven Tour de France titles for using performance-enhancing drugs —other than, like, death, poverty or any number of the quotidian, actual misfortunes we plebs suffer every day—is losing seven Tour de France titles for using performance-enhancing drugs that didn’t enhance your performance.
This cosmic joke is the latest sling suffered by disgraced cyclist Lance Armstrong, the inspirational, cancer-surviving, wife-leaving, friendship-destroying story once worn around every the wrist of every positive-thinking American susceptible to a popular fad.
In case you forgot—and who could blame you, since 2012 was so very long ago—here’s the story arc: In 1996, Lance Armstrong, obscure American professional cyclist, is diagnosed with cancer. He beats cancer, and then, beginning in 1999, beats everybody else in the Tour de France, cycling’s World Cup, every year, for seven straight years. (At the time, at least part of the credit for Armstrong’s incredible run, in addition to spectacular luck and the ruthless efficiency and selfless sacrifice of his U.S. Postal Service teammates, was due to his super-sized internal organs.) He leaves his wife for a rock star, every insufferable person in America wears a Livestrong bracelet, he is God.
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Canada Has a Very Odd Marijuana Problem, and This Is Exacerbating It
The marijuana industry is growing like a proverbial weed, and marijuana stock investors have certainly taken notice. According to cannabis research firm ArcView, North American legal pot sales totaled $6.9 billion last year alone. However, by 2021, they could be pushing to north of $22 billion. Considering that more than $46 billion in weed sales was conducted under the table in 2016, there's a multiyear, and perhaps even multidecade, opportunity for legal marijuana businesses to convert consumers from black market channels to legal customers.
The recent legalization of medical cannabis in Mexico, along with ongoing state-level approvals in the U.S., are expected to be a boon to the industry. But it's the near-term promise of our neighbors to the north that could offer the biggest catalyst.
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