Compared with Colorado, state's marijuana tax revenue nearly triple in first 6 months
LAS VEGAS (KSNV) —
Tax revenue from Nevada recreational marijuana sales were nearly triple what Colorado brought in during its first six months when it introduced similar sales in 2014.
According to a report released Friday by the Nevada Department of Taxation, more than $30 million in tax revenue was produced from July 1 through the end of 2017.
Colorado received $11 million in taxes during the first six months of sales four years ago.
Nevada marijuana sales dipped slight in November, but were up in December with about $35.8 million in sales, a rise from $33.4 million in sales in November. October sales were the high mark at $38 million.