Nevada pot sales start new fiscal year with monthly record

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Steve Marcus Cannabis concentrates are revealed at Exhale Nevada during a dispensary bus tour sponsored by the Las Vegas Medical Marijuana Association Friday, April 20, 2018.

Tuesday, Oct. 9, 2018|12:59 p.m.

CARSON CITY– Nevada kicked off the very first month of the brand-new with its greatest month-to-month cannabis sales considering that the state legislated pot for recreational use on July 1, 2017.

The Nevada Tax Department stated today the $7.9 million in marijuana tax earnings in July was 11 percent higher than Fiscal Year 2018’s 3 finest months– March, May and June of 2018– all at about $7.1 million.

It was a 92 percent gain from the inaugural month of sales in July 2017, $4.1 million.

State tax income from pot sales exceeded forecasts last by 140 percent, a total of $69.8 million.

For 2019 ending next June 30, the department formally prepares for $69.4 million in earnings. However officials say that forecast made in 2017 hasn’t been adjusted to show in 2015’s real collections.

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