Nevada Has a Legal Marijuana Shortage But Still Expects $120 Million In New Revenue

States that have legalized recreational marijuana are enjoying an upsurge in new business and tax revenue that prohibition states are likely to envy.

Nevada businesses have already raked in millions in marijuana sales – and state government is getting its fair share, too.

Recreational marijuana sales started in July in the Silver State. In just that first month, dispensaries in Nevada sold $27.1 million worth of marijuana — more than businesses in either Colorado or Oregon made in their first month of recreational sales — with the state pocketing $10.2 million in taxes and fees.

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