Nevada Rakes in $3.7M in Taxes from First Month of Pot Sales

The post Nevada Rakes in $3.7M in Taxes from First Month of Pot Sales appeared first on High Times.

During its opening month of recreational marijuana sales, the state of Nevada has already raked in $3.68 million worth of tax revenue, according to state officials.

The figure combines a 15 percent wholesale tax along with a 10 percent retail tax and accounts for all sales made in July, the first month of Nevada’s fiscal year. Recreational cannabis was legalized on July 1st.

14 More States That Might Legalize Cannabis This Year - Culture

So much marijuana reform, so much time left on the calendar in 2017. Arizona, Connecticut, Hawaii, Kentucky, Maryland, Mississippi, Missouri, New Hampshire, New Jersey, New Mexico, New York, Pennsylvania, Texas, Wyoming, and Washington, D.C. all have strong policymakers working to actively legalize and regulate cannabis. When passed, these 14 states will follow in the footsteps of Alaska, California, Colorado, Maine, Massachusetts, Nevada, Oregon, and Washington.