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Nevada marijuana sales dip in November


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By Colton Lochhead, Las Vegas Review-Journal
 
Nevada marijuana sales continue to soar well above the state’s projections, with dispensaries selling $33.4 million in marijuana and the state bringing in more than $5.5 million in taxes in November.

Sales dipped from October’s massive $38 million in sales, according to data released Monday by the Nevada Department on Taxation. But November’s totals were $11 million more than the state projected for the month.

The 10 percent retail excise tax brought in over $3.3 million for the month, down from $3.8 million in October. In the first five months of marijuana sales in Nevada, which started in July, that excise tax has brought in nearly $16 million. All of that revenue goes into the state’s rainy day fund.

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