City Council Unanimously Adopts Recreational Pot Ordinance

New Nevada tax data shows marijuana revenues are continuing to grow and top records in the state.

The Nevada Department of Taxation said Wednesday that marijuana tax revenues at the retail and wholesale levels generated $8.1 million in August.

That's a new record and $3.2 million higher than the same month in 2017.

The previous record was $7.9 million in July.

Licensed dispensaries and retail stores reported $48.8 million in sales in August, which includes medical marijuana, adult-use marijuana and marijuana-related goods.

• The Wholesale Marijuana Tax rate is 15 percent; the revenues from this tax, along with fees/penalties/assessments, first go to fund the Department’s costs of administering the marijuana program, $5 million per fiscal year goes to local governments, and the remainder goes to the state Distributive School Account

• The Retail Marijuana Tax rate is 10 percent; the revenues from this tax go the state Rainy Day Fund 

(Nevada Department of Taxation, The Associated Press contributed to this report.)