Annual sales of legal cannabis at Nevada’s state-licensed dispensaries are projected to see a compound annual growth rate (CAGR) of 22% throughout the next five years, from $289.8 million in 2017, to an estimated $772.3 million by 2022.
Thanks to the state’s thriving tourism industry, growth in total sales will largely be driven by the newly legalized adult-use market, which is projected for a CAGR of 25%, reaching an estimated $614.7 million by 2022.
