Nevada Marijuana Stores Sold $68.5 Million Worth of Product in September

Legal marijuana sales in Nevada were over $68 million in September.

According to the Nevada Department of Taxation, there was exactly $68,562,873 in legal marijuana sold in September. This is around $1 million less than the total sales for August. Total sales for the fiscal year so far (starting July 1) is $209,681,401.

The $68.5 million in marijuana sales resulted in $9,838,661 in taxes for Nevada. The $209.6 million fiscal year-to-date sales have resulted in $30,494,808 in taxes.

The vast majority of the sales in September came from Clark County with $51,982,949 sold, followed by Washoe County  at $9,283,918. There was $7,296,005 sold among “all other counties”.

The top month for marijuana sales this year remains March, with $75,023,166 in marijuana sold (resulting in $12,288,541 in taxes).

In Nevada those 21 and older are allowed to possess up to one ounce of marijuana and up to 3.5 grams of marijuana concentrates, due to an initiative approved by voters in 2016. Licensed marijuana retail outlets are authorized to sell marijuana, with cities given the option to opt out of allowing such stores. Nevada has a wholesale marijuana excise tax of 15% on both medical and recreational sales, and an additional 10% retail excise tax that applies only to recreational marijuana.

You can find detailed marijuana sales data from the Nevada on the Department of Taxation by clicking here.

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