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Nevada’s Marijuana Sales Reach $340M in Just 10 Months

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Some were surprised at how well Nevada’s first year of recreational marijuana sales went. Sales exceeded expectations with two months left in the fiscal year.

It was estimated that the state would see about $265 million in sales in its first year, the Las Vegas Review-Journal reports. That number was exceeded; in the first 10-months of the fiscal year sales have totaled about $340 million. It was also estimated that the tax revenue would be about $50 million, but the state has collected about $55 million so far.

Senator Tick Segerblom said, “I think the most impressive thing is how little change there’s been. There’s been virtually no notoriety, no issues. It’s amazingly smooth.”

Due to the demand for recreational marijuana in the state – regulatory and administrative staffs have increased.

Making it easier for visitors to use their purchases is one on Segerblom’s agenda.

He said, “If we’re really going to advertise and bring people from around the world to raise our sales, we have to have places where (resorts) can say ‘Go over there and use it).”

Sales in the state are not expected to slow anytime soon.