Nevada Tax On Pot Exceeded Expectations

Nevada’s marijuana taxes generated nearly half of projected annual revenue in just a third of the fiscal year.

Through the first four months of fiscal 2019, total tax revenue from the pot taxes was $31.72 million, more than 45 percent of what was projected in building the state budget.

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That amount is based on total sales of $197.95 million in combined medical and recreational marijuana statewide, $51.63 million of that in October alone.

Taxation Director Bill Anderson said fully 80 percent of that revenue was generated in Clark County and 14 percent in Washoe County. The rest of the state’s counties including Carson City only account for 6 percent of pot sales.

For the month of October, tax revenues totaled $8.24 million.

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