The State of Nevada collected $69.8 million in marijuana tax revenue during the first year of legal adult-use sales, about 140% of what the state anticipated.
The Department of Taxation says during the last four months of the fiscal year the state collected more than $6.5 million each month.
The Retail Marijuana Tax rate is 10 percent; the revenues from this tax goes to the State Rainy Day Fund
− In August, the Department completed the fiscal year 2018 distribution to the DSA in the amount of $27.5 million
− The Department distributed a total of $42.5 million to the state Rainy Day Fund in the fiscal year 2018
(Department of Taxation contributed to this report.)