CARSON CITY, Nev. (AP) — Nevada kicked off the first month of the new fiscal year with its biggest monthly marijuana sales since the state legalized pot for recreational use on July 1, 2017.

The Nevada Tax Department said Tuesday the $7.9 million in marijuana tax revenue in July was 11 percent higher than Fiscal Year 2018’s three best months — March, May and June of 2018 — all at about $7.1 million.

It was a 92 percent gain from the inaugural month of sales in July 2017, $4.1 million.

State tax revenue from pot sales exceeded projections last fiscal year by 140 percent, a total of $69.8 million.

For fiscal year 2019 ending next June 30, the department officially anticipates $69.4 million in revenue. But officials say that projection made in 2017 hasn’t been adjusted to reflect last year’s actual collections.

© Copyright 2018 The Associated Press. All Rights Reserved. This material may not be published, broadcast, rewritten or redistributed.

Comments (2)
  1. Jack Sutter says:

    Good. Federal laws against it need to be repealed. Leave it up to the states.

Leave a Reply

Please log in using one of these methods to post your comment:

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s