Nevada Pot Tax Revenue Surpasses $8 Million In August

Dec 1, 2018

Marijuana taxes generated more than $8 million in August, setting another monthly record in Nevada. KUNR contributor Kaleb Roedel of the Northern Nevada Business View has the details. 

The retail tax brought in $4.2 million for August which is a 26 percent increase from the same month last year. The wholesale tax brought in $3.9 million.

Legal and licensed marijuana dealers reported taxable sales of nearly $4.9 million for medical marijuana, adult-use pot and pot-related goods, such as edibles.

The wholesale tax is 15 percent and the retail pot tax is 10 percent on adult use marijuana sales.

For more information, visit the Northern Nevada Business View.