Nevada recreational pot sales still outpacing projections | TahoeDailyTribune.com

Nevada recreational pot sales still outpacing projections

Associated Press

Voters in California, Nevada, Maine and Massachusetts voted to legalize recreational marijuana last year, and some residents of those states will legally stuff stockings with spliffs for the first time this Christmas.

CARSON CITY, Nev. — Three months after they became legal, sales of recreational marijuana in Nevada are continuing to outpace projections.

The Nevada Department of Taxation says the $27.7 million in sales reported for September was down from the $33 million reported in August, but $5 million more than the state had anticipated.

The first full month of legal sales in July totaled $27 million.

The department said in a monthly report this week that September sales generated more than $4.7 million in state taxes consistent with the state projections for the month.

Tax revenue for the three months has totaled $12.5 million and is on track to meet state budget projections anticipating roughly $50 million to be generated over a 12-month period.