Cannabis Tax Revenue Tops Nevada’s Expectations by 140% In First Full Year

Nevada is celebrating a full year of recreational marijuana sales this month



A year after Nevada legalized recreational marijuana the state has found that demand far exceeded expectations.

The state collected more than $69.8 million in marijuana tax revenue over the past 12 months, about 140% more than it expected to bring in over the period, according to the Nevada Department of Taxation.

Dispensaries in the state sold $424.9 million worth of marijuana for the year with the last four months of the fiscal year being the most lucrative for sales.


Source: The Street


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