It’s April 20th, or 4-20, some four years after cannabis sales were legalized in Nevada.
Over four years, there are now more than 80 dispensaries across the state. Over seven months through January of this year, sales reached $549 million dollars. From that, the state received $87 million in taxes, or a little more than $12 million dollars a month.
In a year, revenue from cannabis sales will have reached almost about $900 million dollars. That’s a lot for a state with a population of just 3 million. By comparison, Illinois has four times more people and sold just over a billion dollars of cannabis products in 2020.
John Hudak is the deputy director of the Brooking Institute’s center for effective public management. He’s also the author of “Marijuana: A Short History.”
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