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Nevada’s Recreational Sales On Pace To Hit 60 Million In First Year

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.

 

To Read The Rest Of This Article On The Cannabist, Click Here

 

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