Marijuana Sales Dip In January, Still Above Projections

January sales for recreational marijuana took a slight dip from previous months, but are still ahead of initial state projections.

January sales revenue of marijuana came in at $32.8 million, down from December’s $35.8 million in sales.

Numbers were published this week from the Nevada Department of Taxation, and while the numbers went down, it’s still about $8 million higher than projected in the state’s two-year budget.

Reasons for the dip in sales could be because Nevada’s western neighbor California legalized recreational sales starting January 1.

Nevada recreational consumers pay a 10 percent retail excise tax on marijuana, which currently goes into the state’s rainy day fund. In seven months, the tax has brought in $22.8 million. 

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