Most of the 10% retail tax revenue goes to the state’s rainy day fund
Nevada’s recreational marijuana industry is on pace to reach $60 million in its first year, exceeding the state’s projection of $50 million.
KTVN-TV reported Tuesday that if revenue from pot sales continues at this pace, it will leave extra money for the budget.
Will Adler, Director of the Sierra Cannabis Coalition, said the industry is fitting quite well into the state’ economy.
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