Market Overview

Pot Resort To Open Fully Booked On New Year's Eve

Pot Resort To Open Fully Booked On New Year's Eve

In September, the Santee Sioux tribe of South Dakota announced that it was embracing new laws that allow Native American Tribes to sell and consume marijuana on their reservations by opening a marijuana-themed resort. The tribe outlined plans to create the ultimate "adult playground" where people could come to relax and enjoy marijuana in public spaces without fear of being prosecuted.

Now, the Tribe's lawyers say that reservations for the resort's opening night are flying in, and that the establishment will likely open its doors for the first time to a sold out weekend.

See Also: Relax And Get High

New Year's Eve Opening

The marijuana resort is slated to open on New Year's Eve, providing the perfect atmosphere for partygoers who are interested in making cannabis a part of their 2016 celebrations. The venue will feature dance clubs and a dedicated smoking lounge where around 30 different strains of cannabis will be on offer. The tribe's attorney Seth Pearman said the resort has already booked in rooms for 100 people as interest continues to grow.

Tribal Revenue

Much like casinos, many Native American tribes are hoping to bring in revenue from marijuana sales as laws allow them to sell and use the drug even if the state they reside in has classed it as illegal. For the Santee Sioux tribe, that has opened the door for a revolutionary idea to create the world's first cannabis resort. However, the venture comes with its own risks as the marijuana industry is still under the microscope.

For one, the tribe will have to ensure that marijuana isn't taken off the reservation and that visitors aren't buying too much of the stuff. However, for the tribe, which has struggled to stay afloat financially, the estimated $2 million per month the resort is forecast to bring in is well worth it.

Posted-In: marijuana Seth PearmanNews Top Stories Best of Benzinga


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