Las Vegas is perpetually wrestling with how to integrate cannabis and casinos, particularly now that gaming revenue has declined this year. Visitor volume in Las Vegas is also down 6.5% from January 2025 through April 2025, according to the Las Vegas Convention and Visitors Authority. Even visitor satisfaction has declined. Eighty-seven percent of visitors in 2024 said they were “very satisfied” with their visit, down from 94% of visitors in 2019, according to the 2024 Las Vegas Visitor Profile Study.
Meanwhile, gaming revenue from casinos on the Strip is down 3.3% during the last nine months compared to the same period last year, according to the Nevada Gaming Control Board. In 2024, casinos on the Las Vegas Strip collected $8.8 billion from games alone, a 1% decrease from $8.9 billion in 2023. While total revenue from gambling, hotels, food and drink and attractions along the Las Vegas Strip hit a record of $22 billion, up 6.8% over 2023, profits tanked 40% compared to 2023.
But cannabis is not the answer.
These are very opposite numbers. I thought Cannabis must be the second biggest thing in friendly Vegas. I now suppose people primarily go to such places to escape and have fun, all aren't essentialy vapers.