Marijuana sales in Nevada continue to grow. The Nevada Department of Taxation released data showing that the state collected $8.2 million in tax dollars from October sales. A big portion of that tax revenue is from the 15% wholesale tax on both medical and recreational marijuana.
The previous record for tax revenue collected was in August with $8.08 million, the Las Vegas Sun reports. In October, the wholesale tax generated $4.07 million in tax revenue. The excise tax generated $4.17 million in tax revenue.
Bill Anderson of the Nevada Department of Taxation said, “We saw a strong upward revenue trend through the first year, and by comparison, the numbers for the first four months of the second fiscal year show a more level pattern thus far.”
Nearly 80% of all of the marijuana tax dollars collected have been from Clark County.