Nev. marijuana tax brings in $5.8 million in Oct.
By Chris Kudialis, Las Vegas Sun
Tax proceeds on Nevada’s marijuana sales is continuing an upward trajectory, establishing a new monthly high in October during the fourth month of the state’s recreational marijuana program, officials announced Wednesday.
The industry brought in more than $5.8 million in October, which includes a 15-percent wholesale tax for both medical and recreational pot, and a 10-percent excise tax on recreational weed sales, the Nevada Department of Taxation said. That’s up from about $4.7 million in September, $4.8 million in August and $3.6 million in July for a total of $19.1 million.