Marijuana sales became legal — and taxable — in Nevada last July, and the state collected a bit more than $30 million in tax revenue during the first six months, well ahead of projections. A 10 percent retail tax generated $19.5 million of the total, while a 15 percent wholesale tax produced $10.8 million.
Total marijuana sales in the state came to $195 million, suggesting annual sales in the $400 million range for the first year.
According to Forbes, “a good chunk” of the tax money will be used in the state’s education system, though details are a bit hazy.
