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After the legalization of cannabis in the state, Nevada has generated over a billion dollars in taxes for the state. While the marijuana industry has its ups and downs, the Las Vegas Paiute Tribe saw its opportunity to grow cannabis.

Cannabis lounges were once seen as a promising new frontier in Nevada’s legal marijuana industry — the bedrock of a new Amsterdam-like weed tourism district in a Sin City on the cutting edge of hospitality innovation.

Illegal cannabis sales from criminal networks have been cutting into profits at legal establishments across Nevada, according to regulators. Regulators presented the numbers to a Senate committee, this week, as lawmakers discussed avenues for enforcement and ways to discourage the illegal market with proposed Assembly legislation.

Where does Nevada’s cannabis industry stand in 2025? What can consumers expect with prices? And how does the 2024 Presidential Election factor in? Our in-studio panel weighs in. Then we meet George Lee, a former Las Vegas blackjack dealer with an incredible story of his start as a ballet dancer on Broadway.

Buying marijuana on the Las Vegas Strip is illegal. That doesn’t mean it’s difficult. Tourists are only a Google search away from the many illegal websites offering delivery to the Resort Corridor. Others can hop on social media to find “pop-up sales parties” in nearby hotel suites. And, as Assemblymember Max Carter II, D-Las Vegas, recalls a visitor telling him, rideshare vehicles will sometimes come supplied with a mini-dispensary.

Even as Nevada casinos draw millions of tourists, a fear of federal oversight has created artificial barriers between the state’s gaming and cannabis industries, leading to missed business opportunities and confused operators trying to navigate the divide, according to a new study.

After approval from both voters and state lawmakers, sales of recreational marijuana products in Nevada have reached more than $5 billion. Sales peaked during the pandemic in 2021 at more than a $1 billion. They’ve fallen since then but remained around $800 million in 2024.

Our first dispensaries opened in Las Vegas 10 years ago — advocates for cannabis legalization had promised a tax revenue jackpot, earmarked for education, that would save our schools. But that windfall never really happened, and since 2021, cannabis revenue has actually dropped and flatlined. Today, co-host Dayvid Figler talks with Riana Durrett, director of the Cannabis Policy Institute at 8kbet, and asks: What happened? And is 2025 the year cannabis finally makes money?