USA Today source

quote:

That's almost double what both Colorado and Oregon sold in their first months. It's almost seven times what Washington sold.

Banking on weed, Nevada made $10.2 million off the fledgling industry during the first month of sales in July, according to the Nevada Department of Taxation.
Of that, $6.5 million came from industry fees and $3.68 million came from tax revenue.

Trading brain cells for revenue.

Time to buy stock in Doritos...

Already buying stock in MO IP for when it goes legal!

License some weed blend names baby!

This is a trend.

Booze and cigarettes still get smuggled to make a buck dodging tax, but nobody waves around Tommy guns or anything anymore. The margins are too low.

Sooner or later this will become enough of a nothing-burger that it gets Federal legalization and we can stop wasting billions on it every year.

Of course they did. Marijuana is the civil rights issue of our time. It should be decriminalized nation wide.

Rumor has it that the Governor said words to the effect of - If we're going to do it, I want the State to start bringing in tax revenue on day one.

Might as well make the cash fast. The warehouse size grow facilities business has been BOOMING.

Hard saying where that money is going...The Clark acounty School District (southern Nevada's largest and the Nation's 10th largest)is $60-80 million dollars in the whole, depending on who you talk to and the day of the week. Certainly some of the problem is self inflicted by the government idiots involved with budgeting, but I haven't heard any mention of what % of the weed money is helping schools that are broke.

Only $27m?

And the Feds won't take a piece?

Good money in devil weed. Every state should pick up the revenue.

Too bad it probably cost NV 28 million for the program.

quote:

Originally posted by ChasinTails:
...but I haven't heard any mention of what % of the weed money is helping schools that are broke.

If there's one consistent sad truth in situations like this, it is that the funding will be "dedicated" to worthy causes on paper and either quietly tapped or "borrowed from" under the table whenever politicians want to fund a pet project or policy.

To a degree that's inevitable, simply because needs and circumstances change. But I kinda think the deck winds up being stacked from the start. Maybe it would be more honest to simply put the revenues in the general fund and have the politicians fight over it openly.

Monthly sales averaging 120 million is the norm now in Colorado (137 mil in august). The only thing addictive about cannabis seems to be the increasing dependency on the allocation of tax revenue. I'm not caught up on my South Park but I'm sure they have or will cover it.

http://www.denverpost.com/2017...n-marijuana-tax-law/

So where are the investment opportunities? Grow farms, dispensories, equipment manufacturers for startups?

^ delivery technology

quote:

Originally posted by gpbst3:
Too bad it probably cost NV 28 million for the program.

Wow, impressive. So you're saying after month three they are in the black. This will be a huge windfall for the state then.