Marijuana sales rake in $4.8M in NV tax revenue in August - FOX5 Vegas - KVVU

Marijuana sales rake in $4.8M in NV tax revenue in August

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LAS VEGAS (FOX5) -

New numbers released by the Nevada Department of Taxation Monday show the state gained over $1 million more in total tax revenue on marijuana sales in August compared to a month earlier.

The new tax revenue numbers released Monday reveal retail marijuana sales, taxed at 10%, jumped from $2.71 million in July to $3.35 million in August of this year.

For wholesale marijuana, taxed at 15%, the revenue numbers increased from $974,060 in July to $1.51 million in August. 

Overall, the state raked in $4.86 million in the month of August, up from $3.68 million the month before, according to The Nevada Department of Taxation.

A state spokesperson said the new numbers were apart of a larger report to be released soon.

Legal recreational marijuana sales in Las Vegas began in July.

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