Nevada pot taxes exceed yearly projection in 10 months

Nevada's marijuana tax revenues have surpassed the fiscal year projection in just 10 months.

Taxation Department Director Bill Anderson said through April, the combined revenues from the medical and recreational marijuana taxes total $55.53 million. He said that's 110 percent of what was projected for all of fiscal 2018. He said the Wholesale Marijuana Tax paid by cultivators of medical and recreational marijuana brought in $21.47 million so far. The Retail Marijuana Tax paid by non medical retail purchasers generated $34.06 million.

Pot tax revenue for the entire fiscal 2018 was projected to be $50.32 million.

Taxable sales for medical and recreational marijuana through April total $433.51 million.

Read more: https://www.nevadaappeal.com/news/government/nevada-pot-taxes-exceed-yearly-projection-in-10-months/