Nevada just started selling recreational marijuana legally in July and in its first month, the state made sold $27 million worth of the plant.

As far as tax revenue, the month returned $3.68 million in tax revenue from medical and recreational sales.

The forecast for the next two years is something out of this world. According to officials, the state will see $120 million between the two taxes that accompany cannabis sales in the state.

For cultivators, Nevada has a 15% wholesale tax that is designated for schools and another 10% retail tax that is used as a “rainy day” fund for the state.

The Department of Revenue has also said it has made $6.5 million just from license and application fees from businesses.


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