Marijuana has been a big winner for the state of Nevada since the state legalized the drug recreationally.

Nevada has brought in $159 million to Nevada schools as cannabis products generated $1B in taxable sales from July 1, 2020, to June 30 of this year, according to state agencies.

Nevada collects 10% of taxable retail sales of cannabis products and 15% of wholesale cannabis sales.

That produced a combined $159 million for the Distributive School Account (DSA), according to a report from the Nevada Department of Taxation and the Nevada Cannabis Compliance Board.

Taxable sales grew by 46% over the previous fiscal year.

Clark County had produced $791 million in taxable sales, contributing to a total state figure of $1,003,467,665.

It was in 2019 that Nevada Governor Steve Sisolak signed SB545 which directed all revenue from the 10-percent retail cannabis excise tax into the DSA. That brought $92 million in tax revenue for schools just from retail sales.

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