Despite declining sales, the Las Vegas Paiute Tribe is looking to expand its cannabis business.
According to the Nevada Cannabis Compliance Board, cannabis sales have declined by more than $100 million a year since the height of the pandemic in 2021.
However, that hasn’t stopped the tribe from opening a new 100,000 square foot marijuana cultivation facility near its 53-acre golf course along Interstate 11.
The tribe already owns a retail facility and recently announced plans to join the wholesale market.
Las Vegas Paiute Tribe Chairman Benny Tso says the move will help protect their cannabis investments for the tribe’s future.
“Being able to follow and recognize where other places fail, and that’s something we can’t afford to do that. You know we have our constituents that are relying upon us, our kids that are relying upon us. Our general mantra for a tribal nation is to think seven generations out.”
The tribe charges the same amount of tax on their cannabis sales as non-tribal dispensaries, but they keep the money instead of sending it to the state.
Tso says the tribe uses the funds for governmental services, including healthcare for kids and elders.
