10 months of Nevada pot sales exceed year-end projection

SHARE 10 months of Nevada pot sales exceed year-end projection
weed_on_a_scale2_e1533331380500.jpg

Pot Topics is a weekly look at all the cannabis-related news in Chicago and around the country. | AP file photo

CARSON CITY, Nev. — Tax collections on recreational marijuana sales in Nevada have exceeded projections for the entire fiscal year in just the first 10 months since they became legal last July.

Nevada Department of Taxation Director Bill Anderson says the $6.5 million in pot tax revenues in April slipped a bit from the monthly high of $7 million in March.

But the combined revenues from medical and recreational marijuana are now at 110 percent of what was projected for all of fiscal 2018 — a total of $55.5 million so far. Overall sales have reached $433.5 million.

Anderson says taxable revenue from marijuana-related sales is growing about 17 percent faster than total sales tax collections.

Sales of taxable products and services statewide are up $1.96 billion over the 10 months, while marijuana-related sales have increased $338 million.

The Latest
After a five-season fizzle since it went dancing for the first time, Northwestern is on the cusp of second place in the Big Ten.
A one-sided buck in a forest preserve, another expansion of wild turkeys in the suburbs, the world-record lake whitefish and Quint on bluegills and sharks are among the notes from around Chicago outdoors and beyond.
MLB outlawed extreme infield shifts, so will outfielders be used to circumvent the rule change?
NFL
What else were we going to ask about, the flavor of Sunday’s Gatorade baths?
Whether the White Sox identify a primary ninth-inning reliever or mix and match is TBD, bullpen coach Curt Hasler says.