Nevada collects record $9.8 million in taxes from cannabis sales - Cannabis News

A state-best $9.8 million in marijuana tax revenue was collected by Nevada in October, according to the Nevada Department of Taxation, which regulates the industry.

The total, the largest since recreational sales began legal in July 2017, represents an increase of more than $1 million from September and a jump of close to $1.6 million from the October 2018.

The state collects on a 15% wholesale cultivation and production tax, along with a 10% excise tax on retail sales.

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Bryan Horwath ~ LasVegasSun.com ~