Nevada’s cannabis industry has broken a record for tax contributions — more than $100 million in revenue has been collected from dispensaries, cultivators, laboratories and producers in the fiscal year that just ended.

Marijuana tax contributions have increased by 33 percent year over year, from $74.7 million paid last fiscal year to $99.18 million in the 2019 fiscal year, with another $10 million fees on top of that.

The Nevada Dispensary Association announced the milestone in a press release on Tuesday, along with a warning that the state should not take the strong collections for granted.

Click here to read the complete article

Shannon Miller ~ The Nevada Independent

Recent News Articles

Tuesday September 24

Uruguay makes first commercial marijuana export shipment - Cannabis News

in World News

by Bruce Kennedy - Editor in Chief

Uruguay has made its first commercial export shipment of marijuana since legalizing the drug in…

281 hits

Tuesday September 24

Massachusetts regulators approve home delivery, cannabis cafes - Cannabis News

in Law & Crime

by Bruce Kennedy - Editor in Chief

Do you want legal, tested marijuana delivered to your door, without worrying that the police…

306 hits

Tuesday September 24

Yoga, Tea, and Fine Design, Today's Cannabis Shops Offer More Than Bongs and Buds -…

in Fashion

by Bruce Kennedy - Editor in Chief

CBD and marijuana retailers have turned from hocking papers and pipes to offering complete lifestyles…

324 hits

Tuesday September 24

Study: Medical Marijuana Users Outnumber Recreational Consumers 2 To 1 - Cannabis News

in Medical News

by Bruce Kennedy - Editor in Chief

Twice as many Americans report using marijuana to alleviate medical conditions than for recreation, new…

337 hits

Wednesday September 25

Canberra becomes the first city in Australia to legalize marijuana - Cannabis News

in World News

by Bruce Kennedy - Editor in Chief

The Australian capital Canberra will become the country's first city to legalize marijuana following a…

1375 hits