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First days of recreational marijuana sales generate about $500,000 in taxes
lasvegassun.com ^ | 7/6/2017 | Chris Kudialis

Posted on 07/07/2017 7:28:55 AM PDT by rktman

The first four days of legal recreational marijuana sales generated $3 million in sales revenue and about $500,000 in tax revenue, putting Nevada on pace to achieve an estimated $30 million in sales revenue over the next six months of recreational sales, according to the Nevada Dispensary Association.

The sales figure was generated from Saturday’s first day of recreational marijuana sales to Tuesday. The tax rate for recreational pot is 33 to 38 percent, depending on local regulations, with all state and local taxes included.

“We had a higher demand than everybody initially thought,” dispensary association director Riana Durrett said. “It shows this market really exists.”

(Excerpt) Read more at lasvegassun.com ...


TOPICS: Business/Economy; Culture/Society; Philosophy; US: Nevada
KEYWORDS: cannabis; cashcrop; marijuana; nannystate; pot; potheads; wod
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To: FatherofFive

“Taking money out of the economy and giving to the government, AND inebriating the masses is not a good thing”

This particular fallacy always cracks me up. Some prohibitionists seem to think that because cannabis is legal EVERYONE is using it or EVERYONE is going to be using it. EVERYONE isn’t using cannabis now. EVERYONE won’t be using it tomorrow or 5-10-100,000,000 years from now.

Truth is, cannabis use will tick up a few points & then it will level out much the same as when alcohol prohibition ended.


41 posted on 07/07/2017 8:10:25 AM PDT by TheStickman (And their fear tastes like sunshine puked up by unicorns.)
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To: BenLurkin

And court costs. Not just for the DUIs but for the criminal and negligence cases sure to follow


42 posted on 07/07/2017 8:10:42 AM PDT by A_Former_Democrat ("Liberalism is a mental disorder" On FULL Display NOW! Boycott Mex/Can, nba NFL PepsiCO Kellogg's)
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To: Vlad The Inhaler

Well, we have a DD in Reno but no KK.


43 posted on 07/07/2017 8:13:47 AM PDT by rktman (Enlisted in the Navy in '67 to protect folks rights to strip my rights. WTH?!)
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To: grania

“I realize that there are those who will do just fine in normal society if they use marijuana, but that doesn’t address the problems of those who won’t.”

Um, those people are already out there. It’s not like pot was difficult to obtain before this for those who had the inclination.


44 posted on 07/07/2017 8:15:21 AM PDT by Boogieman
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To: dsrtsage

Yeah. When we heard the projected short fall (as expected) it simply re-affirmed our NO vote on the increase. Even though we lost.


45 posted on 07/07/2017 8:15:39 AM PDT by rktman (Enlisted in the Navy in '67 to protect folks rights to strip my rights. WTH?!)
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To: All
First days of recreational marijuana sales generate about $500,000 in taxes

...which is the truly addictive substance.

46 posted on 07/07/2017 8:16:42 AM PDT by rockrr (Everything is different now...)
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To: Romulus

They’re not legal in Clark or Washoe county. LOL! If that matters.


47 posted on 07/07/2017 8:16:52 AM PDT by rktman (Enlisted in the Navy in '67 to protect folks rights to strip my rights. WTH?!)
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To: TheStickman
What about jobs people who test positive for marijuana aren't eligible for? Just did some quick research....most studies conclude that legalized marijuana does not increase crime. A handful have concluded it has in some cities. There are studies that show it causes an increase in homelessness. Will the increase in homeless lead to other problems down the road? We just don't know the long term impacts.

Legal marijuana is never going away. Those who use it have found a way to make it legal, thus an incredible cash cow for the gov. Can't imagine why folks were fighting to have a formerly untaxed commodity become legal and taxed.

48 posted on 07/07/2017 8:17:55 AM PDT by grania (Deplorable and Proud of It!)
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To: thefactor

Nope.


49 posted on 07/07/2017 8:25:35 AM PDT by ealgeone
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To: grania
Can't imagine why folks were fighting to have a formerly untaxed commodity become legal and taxed.

Because, unlike so many so-called "conservatives", some of us actually do care about states' rights, freedom, the Fourth Amendment, and reject nanny Big Government.

If taxes are the vehicle to make marijuana legal, so be it. Of course, those who do not buy it do not get taxed.

50 posted on 07/07/2017 8:26:41 AM PDT by gdani (Everyone is a snowflake these days)
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To: TheStickman
Truth is, cannabis use will tick up a few points & then it will level out much the same as when alcohol prohibition ended.

Hard to know if this is true. No reliable metrics on dope use prior to legalization. Source of your data?

51 posted on 07/07/2017 8:27:17 AM PDT by FatherofFive (Islam is EVIL and needs to be eradicated)
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To: grania

“What about jobs people who test positive for marijuana aren’t eligible for?”

There’s an easy fix for that. Don’t use marijuana if you want those jobs.

I would love it if you posted links to articles, etc that show how marijuana use in legal states leads to homelessness. It’s easy to say “homelessness increased after cannabis was legalized for recreational use but the how marijuana causes homelessness has yet to be explained AFAIK.


52 posted on 07/07/2017 8:29:48 AM PDT by TheStickman (And their fear tastes like sunshine puked up by unicorns.)
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To: grania

Because unless the government goes completely nuts it will still be cheaper taxed on the white market than it is on the black market. Plus of course who really wants their hobbies to be illegal, it’s kind of a hassle.


53 posted on 07/07/2017 8:29:53 AM PDT by discostu (You are what you is, and that's all it is, you ain't what you're not, so see what you got.)
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To: ealgeone

Do you judge people who drink alcohol the same way you judge people who smoke weed for recreation? Alcohol is a MUCH bigger problem than weed is, but the government tells you that booze is fine and weed is bad.


54 posted on 07/07/2017 8:31:37 AM PDT by thefactor (yes, as a matter of fact, i DID only read the excerpt)
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To: FatherofFive

“Source of your data?”

Personal experience & the study of history regarding alcohol prohibition & when prohibition ended.

Where’s your source of data that shows the “masses” will be inebriated because cannabis is legalized?


55 posted on 07/07/2017 8:33:26 AM PDT by TheStickman (And their fear tastes like sunshine puked up by unicorns.)
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To: TheStickman

You are not a scientific sampling. For YOU it works.


56 posted on 07/07/2017 8:35:28 AM PDT by Vaquero (Don't pick a fight with an old guy. If he is too old to fight, he'll just kill you.)
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To: Insigne123
Ain't that the truth. It's still federally illegal and the feds have no apparatus to inspect the product. There was an article in the Sacramento Bee, I think. But the article talked about growers using contaminated water, heavy metals, etc, and now people are rushing to take that crap into their bodies.

But we'll give Free Republic's addicts time to chime in. They'll assure us it's harmless.

57 posted on 07/07/2017 8:41:07 AM PDT by LouAvul (The most High ruleth in the kingdom of men, and giveth it to whomsoever he will.)
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To: rktman
...putting Nevada on pace to achieve an estimated $30 million in sales revenue over the next six months of recreational sales, according to the Nevada Dispensary.

Those numbers don't even make sense.

58 posted on 07/07/2017 8:42:16 AM PDT by Mr.Unique (The government, by its very nature, cannot give except what it first takes.)
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To: Vaquero

“You are not a scientific sampling. For YOU it works.”

That’s correct. And while Mom, Dad & my wife think I’m somewhat special I don’t believe I am the only one cannabis works for. That 29 states have medical cannabis programs would suggest cannabis is working for others as well.

Recreational cannabis is a different issue altogether. I applaud Nevada & all the states that have decided to legalize cannabis. IMO, the nanny-state has no business criminalizing this wonderful plant. Folks should be allowed to purchase, have & grow their own.

If you don’t want to use, cannabis. No one is going to make you :)

Hopefully Fedzilla will one day allow real scientific study so we can find out why it works for me & others & why for some it doesn’t. Till then, I look to the studies done in Israel. They seem to have a better understanding (probably because there is no prohibition on studying cannabis) & have some great cannabis programs, especially for the elderly I think the US would be wise to look into.


59 posted on 07/07/2017 8:43:55 AM PDT by TheStickman (And their fear tastes like sunshine puked up by unicorns.)
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To: LouAvul

“But the article talked about growers using contaminated water, heavy metals, etc, and now people are rushing to take that crap into their bodies.”

Illegal growers will certainly do this if they think it increases their profit margins. Legitimate, legal growers will never do this because the dispensaries will not accept such a product. No one in the legal cannabis business wants to risk that kind of liability.


60 posted on 07/07/2017 8:45:35 AM PDT by TheStickman (And their fear tastes like sunshine puked up by unicorns.)
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