Nevada Recreational Pot Sales Still Outpacing Projections
CARSON CITY, Nev. (AP) — Three months after they became legal, sales of recreational marijuana in Nevada are continuing to outpace projections. The Nevada Department of Taxation says the $27.7 million in sales reported for September was down from the $33 million reported in August, but $5 million more than the state had anticipated. The first full month of legal sales in July totaled $27 million. The department said in a monthly report this week that September sales generated more than $4.7 million in state taxes consistent with the state projections for the month. Tax revenue for the three months has totaled $12.5 million and is on track to meet state budget projections anticipating roughly $50 million to be generated over a 12-month period.