Legal marijuana sales in Nevada were not far from a billion dollars in 2023, with well over $100 million in marijuana tax revenue.
According to data released by the Nevada Department of Taxation, there was $936,031,174 in marijuana sold through licensed marijuana retail outlets and dispensaries in 2023. These sales resulted in $124,415,555 in marijuana tax revenue.
The top month for marijuana sales in 2023 was March, with $75,023,166 in marijuana sold resulting in $12,288,541 in tax revenue.
Over 70% of marijuana sales in 2023 were in Clark County, while around 15% were in Washoe County.
Nevada legalized marijuana in 2016, permitting individuals aged 21 and older to possess up to one ounce of marijuana and up to 3.5 grams of marijuana concentrates. Licensed retail outlets can sell marijuana, although cities can choose to opt out. Nevada imposes a wholesale marijuana excise tax of 15% on both medical and recreational sales, along with an additional 10% retail excise tax that applies only to recreational marijuana.
You can find detailed marijuana sales and tax data from the Nevada on the Department of Taxation by clicking here.
A law that took effect on January 1 of this year in Nevada increased the purchase and possession limit for dried marijuana from one ounce, to two and a half ounces. The new law also doubled the limit for concentrates from one-eight of an ounce to one-fourth of an ounce.
