Licensed marijuana stores sold nearly $70 million worth of marijuana in October, garnering the state nearly $10 million in tax revenue.
Legal marijuana sales were $67,921,099 in October throughout Nevada, according to the Nevada Department of Taxation. This resulted in the state bringing in $9,978,856 in marijuana tax revenue.
Total tax revenue for the fiscal year-to-date (starting July 1) is $40,473,664. This was made from the legal distribution of $277,602,500 worth of marijuana and marijuana products.
$210,512,086 of the sales so far for this fiscal year came from Clark County. $38,319,091 came from Washoe County, with $28,771,323 coming from “all other counties”.
The top month for marijuana sales in 2023 remains March (with data for November and December not yet available), with $75,023,166 in marijuana sold resulting in $12,288,541 in taxes.
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 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.
