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Supporters Tout Benefits Of Legalizing Marijuana In Nevada

Supporters Tout Benefits Of Legalizing Marijuana In Nevada

By Zachary Babin - July 13, 2016

Legalizing Marijuana In Nevada

LAS VEGAS (AP) — A group that wants to legalize recreational marijuana in Nevada says the state could gain thousands of jobs by doing so.

Supporters of a measure that will appear on that ballot in November released an economic analysis this week that shows a recreational marijuana industry could support about 3,300 direct jobs once it’s in full swing in 2024.

The analysis by Las Vegas-based RCG Economics also shows the industry could yield $464 million in tax revenue for the state over a seven-year period.

Report authors say tourists would account for roughly half of the recreational marijuana sales.

Nevada has allowed medical marijuana for more than a decade, but the ballot measure would allow adults to buy the substance even if they don’t have a prescription.