Tax collections on recreational marijuana sales in Nevada have exceeded projections for the entire fiscal year in just the first 10 months since they became legal last July.
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Nevada Department of Taxation Director Bill Anderson says the $6.5 million in pot tax revenues in April slipped a bit from the monthly high of $7 million in March.
But the combined revenues from medical and recreational marijuana are now at 110 percent of what was projected for all of fiscal 2018 — a total of $55.5 million so far. Overall sales have reached $433.5 million.
Anderson says taxable revenue from marijuana-related sales is growing about 17 percent faster than total sales tax collections.
Sales of taxable products and services statewide are up $1.96 billion over the 10 months, while marijuana-related sales have increased $338 million.