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Pauly McGuire

Legal marijuana sales in Nevada pass $200 million in 2017

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In July 2017, the first recreational marijuana stores opened for business in the state of Nevada and it's been a cash cow ever since. According to the Department of Taxation in Nevada, in six months of operation in 2017, cannabis dispensaries sold over $200 million in products and the state netted $30 million in overall tax revenue and fees. The 10% retail sales tax generated $9.5 million in revenue. At the present rate, Nevada will exceed $420 million in overall cannabis sales in 2018.

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