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Up in Nevada, Folks Really Love Their Cannabis

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CARSON CITY, Nev. — Tax collections on recreational marijuana sales in Nevada have exceeded projections for the entire fiscal year in just the first 10 months since they became legal last July.
Nevada Department of Taxation Director Bill Anderson says the $6.5 million in pot tax revenues in April slipped a bit from the monthly high of $7 million in March.

Recreational, Medical Pot Tax Collections Hit $55.5 Million

But the combined revenues from medical and recreational marijuana are now at 110 percent of what was projected for all of fiscal 2018 — a total of $55.5 million so far. Overall sales have reached $433.5 million.
Anderson says taxable revenue from marijuana-related sales is growing about 17 percent faster than total sales tax collections.
Sales of taxable products and services statewide are up $1.96 billion over the 10 months, while marijuana-related sales have increased $338 million.

Bill McEwen is news director and columnist for GV Wire. He joined GV Wire in August 2017 after 37 years at The Fresno Bee. With The Bee, he served as Opinion Editor, City Hall reporter, Metro columnist, sports columnist and sports editor through the years. His work has been frequently honored by the California Newspapers Publishers Association, including authoring first-place editorials in 2015 and 2016. Bill and his wife, Karen, are proud parents of two adult sons, and they have two grandsons. You can contact Bill at 559-492-4031 or at Send an Email