Nevada recreational marijuana sales continue to outpace projections
Published: Dec 21, 2017, 2:20 pm • Updated: Dec 22, 2017, 10:02 am
By The Associated Press
CARSON CITY, Nev. — Three months after they became legal, sales of recreational marijuana in Nevada are continuing to outpace projections.
The Nevada Department of Taxation says the $27.7 million in sales reported for September was down from the $33 million reported in August, but $5 million more than the state had anticipated.
The first full month of legal sales in July totaled $27 million.
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The department said in a monthly report this week that September sales generated more than $4.7 million in state taxes consistent with the state projections for the month.
Tax revenue for the three months has totaled $12.5 million and is on track to meet state budget projections anticipating roughly $50 million to be generated over a 12-month period.
Topics: Nevada, Nevada Department of Taxation, Nevada recreational sales
