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Nevada’s Recreational Marijuana Market Hits $38 Million, Soars Past Colorado

Nevada’s recreational marijuana industry hit a new high, selling more than $37.9 million in October. The state has earned nearly $20 million in marijuana tax revenue since the adult-use market launched in July.

“We are pretty on target with projections, maybe a little over,” Department of Taxation spokeswoman Stephanie Klapstein told the Las Vegas Review-Journal.

Nevada’s recreational marijuana industry hit a new high, selling more than $37.9 million in October. The state has earned nearly $20 million in marijuana tax revenue since the adult-use market launched in July.

“We are pretty on target with projections, maybe a little over,” Department of Taxation spokeswoman Stephanie Klapstein told the Las Vegas Review-Journal.

Nevada voters approved a recreational legalization measure last November, along with California, Maine, and Massachusetts. But unlike the other states, Nevada launched its adult-use market in July. [Read More at Forbes]

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