Nan Palmero

Nevada Cannabis Sales on $1M-per-day Pace

Adult-use cannabis sales in Nevada since the market launched last July have reached $195,467,170, with tax revenues of $30,376,795, according to state Department of Taxation figures outlined by Patch. The figures represent sales of $1 million per day.  

Wholesale taxes comprise $10.8 million of those revenue totals, while retail taxes make up $19.5 million. The totals indicate that the total cannabis sales in the state could exceed $400 million through the first full year.

Medical cannabis taxes – 15 percent from grower to dispensary – reached $2,189,794 last month, while the 10 percent recreational retail tax raised $3,576,900. Total sales in December reached nearly $36 million. December marked the second highest sales totals in the state in the 184 days since the program’s launch. October, with nearly $38 million in sales, is second followed by August ($33.5 million), November ($33.4 million), September ($27.7 million), and July ($27.1 million). First-month sales in Nevada outpaced first-month sales in Colorado, Oregon, and Washington, even though the launch was marred by distribution problems.

Nevada officials had estimated $63.5 million in cannabis tax revenues derived from the legal cannabis industry over the first two years – although July sales were not included in that estimate.



Authored By

TG is a journalist by trade and has been covering cannabis industry news for since 2014. He is also the host of the Podcast and currently lives in Burlington, Vermont.


Latest Cannabis News

View all cannabis news

Popular Articles