420 News and Feeds
Nevada: Recreational marijuana revenue on pace to exceed projections
Submitted by Marijuana News on Wed, 02/28/2018 – 10:33
Nevada’s recreational marijuana industry is still in its infancy, but it is already making quite a splash in the tax pool. The Department of Taxation projected tax revenue from pot retail and wholesale would be about $50 million. After six months of sales, the revenue is already more than $30 million, on pace to reach $60 million for the year.
“I’m not so surprised but I do think this shows that marijuana is fitting in quite well in Nevada and it’s part of our economy, and it’s generating a lot of tax revenue for the rest of the state,” Will Adler, Director of the Sierra Cannabis Coalition said.