(AP) - The Nevada Department of Taxation says the state hauled in nearly $5 million in total tax revenue from recreational marijuana sales in August.
That's up from the $3.7 million in taxes in July, the state's first month of recreational weed sales.
According to figures released Monday, $3.35 million were generated by the 10 percent sales tax on recreational marijuana, while $1.51 million generated by the 15 percent wholesale tax at the cultivation level on all marijuana (up from $974,060 in July).
CEO of The+Source dispensaries and President of the Nevada Dispensary Association Andrew Jolley says he expects the market to continue to grow steadily over the next several months.
Follow us for more stories like this
CapRadio provides a trusted source of news because of you. As a nonprofit organization, donations from people like you sustain the journalism that allows us to discover stories that are important to our audience. If you believe in what we do and support our mission, please donate today.
Donate Today
