Marijuana taxes generate almost $5 million in August

Tuesday, Oct. 24, 2017|9:02 a.m.

. The Nevada Department of Tax states the state hauled in almost $5 million in overall tax income 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.

Inning accordance with figures released Monday, $3.35 million were created by the 10 percent sales tax on recreational cannabis, while $1.51 million produced by the 15 percent wholesale tax at the growing level on all marijuana (up from $974,060 in July).

CEO of The+Source dispensaries and President of the Nevada Dispensary Association Andrew Jolley states he expects the marketplace to continue to grow steadily over the next numerous months.

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