LAS VEGAS (AP) — Nevada collected a monthly record of nearly $9.8 million in marijuana taxes in October, state officials reported.
State Department of Taxation figures reported Monday by the Las Vegas Sun represented an increase of more than $1 million in recreational and medical cannabis tax revenues from September, and a jump of close to $1.6 million from October 2018.
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The tax department regulates the state marijuana market. Recreational sales began in Nevada in July 2017.
Through the first four months of the 2020 fiscal year, the state has collected $36.7 million in marijuana taxes. That’s an increase of nearly 16% from the same period in the 2019 fiscal year. Nevada reaped nearly $99.2 million in taxes from the marijuana industry during the 12 months ended last June 30.
The October collection total was aided by a strong month of sales in Las Vegas and Clark County, which registered a total taxable sales revenue figure of $50.7 million.
That was up from $46.8 million for September.
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