{"id":7762,"date":"2017-09-29T16:41:38","date_gmt":"2017-09-29T16:41:38","guid":{"rendered":"http:\/\/www.denverpost.com?p=2805198&amp;preview_id=2805198"},"modified":"2017-09-29T16:41:38","modified_gmt":"2017-09-29T16:41:38","slug":"nevada-reaps-3-7m-in-tax-revenue-in-first-month-of-recreational-marijuana-sales","status":"publish","type":"post","link":"https:\/\/cannitrol.com\/blog\/nevada-reaps-3-7m-in-tax-revenue-in-first-month-of-recreational-marijuana-sales\/","title":{"rendered":"Nevada reaps $3.7M in tax revenue in first month of recreational marijuana sales"},"content":{"rendered":"<div id=\"wp_fb_like_button\" style=\"margin:5px 0 5px 5px;float:right;height:100px;\"><script src=\"http:\/\/connect.facebook.net\/en_US\/all.js#xfbml=1\"><\/script><fb:like href=\"https:\/\/cannitrol.com\/blog\/nevada-reaps-3-7m-in-tax-revenue-in-first-month-of-recreational-marijuana-sales\/\" send=\"true\" layout=\"standard\" width=\"450\" show_faces=\"false\" font=\"arial\" action=\"like\" colorscheme=\"light\"><\/fb:like><\/div><div class=\"media_block\"><\/div>\n<div class=\"row\">\n<div class=\"large-10 large-centered small-12 columns\">\n<div class=\"entry-meta-date\">Published: Sep 28, 2017, 7:06 pm \u2022 Updated: Sep 29, 2017, 7:25 pm<span class=\"single-comments-link\" \/><\/div>\n<p class=\"byline\">By <span class=\"author\"><a class=\"url fn n\" href=\"http:\/\/www.thecannabist.co\/author\/ap\/\" rel=\"author\">The Associated Press<\/a><\/span><\/p>\n<p>RENO, Nev. \u2014 State tax officials say the first month of legal sales of recreational marijuana in Nevada brought in more than $3.5 million in tax revenue.<\/p>\n<p>Nevada Tax Department spokeswoman Stephanie Klapstein (KLAPP\u2019-steen) told The Associated Press Thursday they are \u201cgood numbers\u201d consistent with projections marijuana sales will generate $120 million in state taxes over the next two years.<\/p>\n<p><strong>Related: <a href=\"http:\/\/www.thecannabist.co\/2017\/09\/29\/nevada-recreational-marijuana-rollout-outpaces-other-states\/89108\/\">Nevada sells a lot more weed in its adult-use rollout than other states<\/a><\/strong><\/p>\n<p>The combination of a 15 percent wholesale and 10 percent retail tax raised $3.68 million in July, the first month of Nevada\u2019s fiscal year.<\/p>\n<p>Some of that\u2019s headed to the state\u2019s rainy day fund. But the vast majority going forward is dedicated to schools.<\/p>\n<p>Legal sales <a href=\"http:\/\/www.thecannabist.co\/2017\/07\/05\/nevada-marijuana-taxes-recreational-sales-july-opening-days\/83142\/\">began July 1<\/a>.<\/p>\n<p>The $120 million biennial projection anticipates $5 million in monthly tax revenue. But Klapstein says state officials actually projected no revenue for July because of uncertainty surrounding licensing and local ordinances.<\/p>\n<\/p><\/div>\n<\/p><\/div>\n<p><!-- .row --> <\/p>\n","protected":false},"excerpt":{"rendered":"<div class=\"media_block\"><\/div>\n<p>State tax officials say the first month of legal sales of recreational marijuana in Nevada brought in more than $3.5 million in tax revenue. <\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[5062,6813,77,5667,6858,9,6833,5437,5019,1,3,2379,61,1736],"tags":[5063,6818,2655,5673,6860,6835,5444,5022,4974],"_links":{"self":[{"href":"https:\/\/cannitrol.com\/blog\/wp-json\/wp\/v2\/posts\/7762"}],"collection":[{"href":"https:\/\/cannitrol.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/cannitrol.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/cannitrol.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/cannitrol.com\/blog\/wp-json\/wp\/v2\/comments?post=7762"}],"version-history":[{"count":0,"href":"https:\/\/cannitrol.com\/blog\/wp-json\/wp\/v2\/posts\/7762\/revisions"}],"wp:attachment":[{"href":"https:\/\/cannitrol.com\/blog\/wp-json\/wp\/v2\/media?parent=7762"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/cannitrol.com\/blog\/wp-json\/wp\/v2\/categories?post=7762"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/cannitrol.com\/blog\/wp-json\/wp\/v2\/tags?post=7762"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}