Nevada’s Recreational Marijuana Revenue on Pace to Exceed Projections

Nevada’s recreational marijuana industry is still in its infancy, but it is already making quite a splash in the tax pool. The Department of Taxation projected tax revenue from cannabis retail and wholesale would be about $50 million.  After six months of sales, the revenue is already more than $30 million, on pace to reach $60 million for the year.

“I’m not so surprised but I do think this shows that marijuana is fitting in quite well in Nevada and it’s part of our economy, and it’s generating a lot of tax revenue for the rest of the state,” Will Adler,

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