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LAS VEGAS - Nevada far exceeded its marijuana tax revenue during its first year of adult-use sales.
The tax collections totaled $69.8 million for the first fiscal year, about 140 percent of what the state expected, according to a news release from the Nevada Department of Taxation.
The most lucrative months were the final four with each month's totals topping $6.5 million.
The Department of Taxation transferred $27.5 million to the State Distributive School Account to pay for education.
zryan3564 on August 29th, 2018 at 04:53 UTC »
Legalizing marijuana is a financial no brainer. The state can tax the hell out of them like they do cigarettes. I'm surprised cigarette companies haven't sold marijuana joints in a pack like cigarettes are sold.
allthedifference on August 29th, 2018 at 03:47 UTC »
Meanwhile other states are spending millions to investigates, jail, prosecute, monitor and imprison their citizens who smoke some weed. Worse, other states deny the medical use of marijuana to those who may benefit from it.
NespreSilver on August 29th, 2018 at 02:22 UTC »
New Jersey: “My body is ready.”