Nevada’s Marijuana Sales Hit Nearly $150 Million in First Quarter
Written by: Karsen Buschjost – My News 4
According to the Department of Taxation, retail and medical marijuana sales for Nevada in the first quarter of the 2019 fiscal year were $146.7 million.
July and August 2018 both had sales of over $48 million. September had $49.4 million in sales.
Of all the total sales, $23.48 million dollars were collected for taxes. More than $11 million will go towards funding for Nevada schools. Roughly $12.5 million will go to the state Rainy Day Fund.
The 2018 fiscal year saw $529 million in taxable sales, nearly $70 million was collected in tax revenue.