In Nevada, legal marijuana sales topped $62 million, resulting in over $12 million in taxes.
There was $62,462,103 in marijuana sold legally in January throughout Nevada. This is a considerable increase over the $54,908,607 sold in December, and it brough in $12,422,849 in tax revenue for the state.
Although marijuana sales in January were nearly $8 million lower than in January, 2023, marijuana tax revenue was around $500k higher.
The $12.42 million in marijuana taxes made in January were the highest since May, 2022, when $12.5 million was brought in.
In 2023 there was $936,031,174 in total marijuana sales, resulting in $124,415,555 in marijuana tax revenue. Over 70% of marijuana sales in 2023 occurred in Clark County, while around 15% took place in Washoe County.
All of the above data was compiled and released by the Nevada Department of Taxation.
In Nevada marijuana was legalized in 2016, allowing those 21 and older are allowed to possess up to one ounce of marijuana and up to 3.5 grams of marijuana concentrates. Licensed marijuana retail outlets opened the following year in certain cities (localities were given the option to opt out).
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.
