51°F
weather icon Clear

Nevada marijuana sales have another strong month

Updated June 28, 2018 - 7:49 pm

Days before the first anniversary of recreational marijuana sales in Nevada, the industry has given the state a present.

Data from the state Department of Taxation show the amount of tax revenue from marijuana has exceeded state projections for the first year — two months ahead of time.

The state collected $6.55 million in marijuana tax revenues in April, bringing the total since recreational sales become legal to $55.53 million, according to the department Thursday.

The recreational marijuana industry has accounted for 17 percent of the state’s taxable sales base this year, according to the department.

April numbers didn’t break the monthly record set in March. July 2017, the first month for recreational marijuana, remains the lowest period of tax revenue from marijuana.

The total combined sales for medical, recreational and marijuana-related goods since recreational became legal is $433.51 million.

A year into recreational sales, and four years into the legalized sales of medical marijuana, the industry still has its critics.

Kevin Sabet, co-founder of Alexandria, Virginia-based Smart Approaches to Marijuana, said better data on the effects of legalization on crime, impaired driving, the black market and other facets of life are needed.

“One year is simply not enough time to truly grasp the damaging effects legalization has on a state,” Sabet said. “It will take decades for a full assessment.”

Contact Wade Tyler Millward at 702-383-4602 or wmillward@reviewjournal.com. Follow @wademillward on Twitter

MOST READ
Don't miss the big stories. Like us on Facebook.
THE LATEST
Netanyahu’s attendance was blocked by Turkish leader

Turkish President Recep Tayyip Erdogan made clear he would not accept Israeli Prime Minister Benjamin Netanyahu’s presence at a high-level summit in Egypt, an official said.

Hamas forces give show of force; clashes in Gaza Strip with alleged gangsters

As the Gaza ceasefire holds, Hamas security forces have returned to the streets, clashed with armed groups and killed alleged gangsters in what the terrorist group says is an attempt to restore law and order.

Trump threatens to yank World Cup games from Boston

The president’s comments came during his meeting with Argentina’s president and it wasn’t immediately clear what he was referring to.

LDS church names ex-Utah Supreme Court justice new leader

Las Vegas elders praised the selection of Dallin H. Oaks, a former Utah Supreme Court justice, to lead The Church of Jesus Christ of Latter-day Saints.

Grammy-winning R&B singer D’Angelo dies at 51

D’Angelo, the Grammy-winning R&B singer recognized by his raspy yet smooth voice and for garnering mainstream attention with the shirtless “Untitled (How Does It Feel)” music video, has died.

MORE STORIES