Nevada dispensaries sold more than $33 million in recreational marijuana and the state pulled in nearly $5 million in total taxes in August, according to numbers released by the Nevada Department of Taxation Monday.
That’s up from the $27 million in sales and $3.7 million in taxes in July, the state’s first month of recreational weed sales.
The recreational sales numbers were significantly ahead of the state’s projected $21.5 million in sales for August. In fact, the state did not project any month in the first year of recreational sales to eclipse $28 million.
Andrew Jolley, CEO of The+Source dispensaries and president of the Nevada Dispensary Association, said those projections will likely prove to be fairly conservative, and expects the market to continue to grow steadily over the next several months.
“I think it is a good indication that there was a large, pent-up demand that was being served by the black market,” Jolley said.
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Source: Cannabis Business Times