Indopedia All Things Marijuana
Nevada’s recreational marijuana dispensaries sold more than $37 million worth of cannabinoid-related products while the combined adult-use and medical marijuana market generated north of $5.8 million in tax revenue for the month of October.
Released by the Nevada Department of Taxation Wednesday, the Las Vegas Review Journal is reporting October’s sales have helped the Silver State cultivate more than $19 million in new tax revenue since recreational sales first began on July 1.
After firing up the state’s recreational marijuana sales three days before Independence Day, Nevada’s newest industry has generated some serious tax revenue for the state:
- $5.8 million in Marijuana Tax Revenue for October
- $4.7 million in Marijuana Tax Revenue for September
- $4.8 million in Marijuana Tax Revenue for August
- $3.7 million in Marijuana Tax Revenue for July
Nevada State Sen. Tick Segerblom (D), excited by the millions of new tax dollars generated, took to Twitter at 4:31 a.m. and called for the Nevada State Legislature to hold a special session, in hopes of discussing an early distribution of the funds.
it is clear that there will be 10’s of millions of $ in extra marijuana…
