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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: 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.

That sounds like an argument for, not against, legalization given government's appetite to regulate everything in existence & not risk its tax revenue. That is, when something is illegal it is unregulated.

61 posted on 07/07/2017 8:53:37 AM PDT by gdani (Everyone is a snowflake these days)
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To: TheStickman

What percent of the population drink alcohol? Two Thirds


62 posted on 07/07/2017 8:54:18 AM PDT by FatherofFive (Islam is EVIL and needs to be eradicated)
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To: LouAvul

Contaminated products happen in this world. With or without federal inspectors. It’s a natural by-product of greed. Sometimes it gets caught by inspectors, most of the time it’s gets caught by people getting sick.


63 posted on 07/07/2017 8:58:00 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: Insigne123

I’d estimate 10:1 cost:benefit.

Reminds me of the arguments for the first legal state lotteries in the sixties. “It’s for the children.” Look how much state lotteries (and their follow-on brethren Indian casinos) have helped society. All of this is a huge drag on morality and a huge cost to society for zero benefit. Our kids today are far, far more stupid than they were fifty years ago. But liberals will never measure the success of projects. Their success is improving feelings.


64 posted on 07/07/2017 8:58:02 AM PDT by ProtectOurFreedom
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To: Insigne123

I’d estimate 10:1 cost:benefit.

Reminds me of the arguments for the first legal state lotteries in the sixties. “It’s for the children.” Look how much state lotteries (and their follow-on brethren Indian casinos) have helped society. All of this is a huge drag on morality and a huge cost to society for zero benefit. Our kids today are far, far more stupid than they were fifty years ago. But liberals will never measure the success of projects. Their success is improving feelings.


65 posted on 07/07/2017 8:59:19 AM PDT by ProtectOurFreedom
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To: FatherofFive

“What percent of the population drink alcohol? Two Thirds”

https://www.niaaa.nih.gov/alcohol-health/overview-alcohol-consumption/alcohol-facts-and-statistics

Prevalence of Drinking: According to the 2015 National Survey on Drug Use and Health (NSDUH), 86.4 percent of people ages 18 or older reported that they drank alcohol at some point in their lifetime; 70.1 percent reported that they drank in the past year; 56.0 percent reported that they drank in the past month.

https://www.drugabuse.gov/publications/research-reports/marijuana/what-scope-marijuana-use-in-united-states

Marijuana is the most commonly used illicit drug (22.2 million people have used it in the past month) according to the 2015 National Survey on Drug Use and Health. Its use is more prevalent among men than women—a gender gap that widened in the years 2007 to 2014.

I figure that 22.2 million is closer to 30+ million since its a 2015 study & not a 2017 study. More states have legalized recreational cannabis & medical cannabis since 2015. Still, a far cry from “the inebriated masses”, dontcha’ think?


66 posted on 07/07/2017 9:02:57 AM PDT by TheStickman (And their fear tastes like sunshine puked up by unicorns.)
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To: rktman

Waiting for the Commercials warning about the effects of second hand smoke in 3, 2, 1.

Oh never mind, that only works for EVIL Tobacco.

Want to smoke Weed, cool. Just do it in your own Home (if you don’t have any minor Children living with you).


67 posted on 07/07/2017 9:14:54 AM PDT by Kickass Conservative ( Democracy, two Wolves and one Sheep deciding what's for Dinner.)
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To: gdani
If taxes are the vehicle to make marijuana legal, so be it. Of course, those who do not buy it do not get taxed.

Unlike where marijuana is illegal and everyone gets taxed to enforce those laws.

68 posted on 07/07/2017 10:01:18 AM PDT by NobleFree ("law is often but the tyrant's will, and always so when it violates the right of an individual")
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To: Noamie

In Washington State it is legal and law requires that if caught with weed on your person or vehicle that it be in the original package it was purchased in, minus what may have already been rolled in a joint, in a pipe, or edible wrapper.


69 posted on 07/07/2017 10:16:39 AM PDT by shotgun
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To: ealgeone

I’d rather see someone using weed than opioids.


70 posted on 07/07/2017 10:18:33 AM PDT by shotgun
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To: thefactor
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.

Both have inflicted a lot of ill on society.

I've never considered getting high as recreation.

Everything I've read and seen from Law Enforcement tells us the weed is the gateway drug for other drug use.

71 posted on 07/07/2017 10:34:47 AM PDT by ealgeone
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To: rktman

There’s a limit to how much approved and taxed dispensaries can charge, when people can just get their own seeds and grow their own.


72 posted on 07/07/2017 10:35:46 AM PDT by PapaBear3625 (Big government is attractive to those who think that THEY will be in control of it.)
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To: AppyPappy

You can get primo weed for free, or nearly free if you know someone that grows. “Ditchweed” refers to the hemp growing beside the road across the country. Wouldn’t get a gnat high. But growers will also give away leaf, which can smell pretty bad. Used to live with some hippies. I was walking home one day, and about 2 blocks away I started smelling the rankest weed ever burned. Got home and the girls were burning sage to “purify” the air. Fail.


73 posted on 07/07/2017 10:38:59 AM PDT by gundog (Hail to the Chief, bitches.)
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To: gundog

The chances of me knowing someone who grows is slim and none. But if I get me some seeds.....


74 posted on 07/07/2017 10:49:12 AM PDT by AppyPappy (Don't mistake your dorm political discussions with the desires of the nation)
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To: ealgeone

“Alcohol is a MUCH bigger problem than weed is,”

Alcohol is legal and Weed was not. Hello...


75 posted on 07/07/2017 10:50:49 AM PDT by AppyPappy (Don't mistake your dorm political discussions with the desires of the nation)
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To: AppyPappy

Weed is still federally illegal.


76 posted on 07/07/2017 10:56:47 AM PDT by rktman (Enlisted in the Navy in '67 to protect folks rights to strip my rights. WTH?!)
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To: rktman
Will tox tests be done on the deceased driver that went the wrong way head on into a tanker truck?

Do you really think that they won't?

77 posted on 07/07/2017 10:57:45 AM PDT by SoothingDave
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To: AppyPappy
Alcohol is legal and Weed was not. Hello...

Yes...I'm well aware. Prostitution is legal in Vegas also...doesn't mean it's good.

I'm also well aware of the problems associated with alcohol.

I hope there are no alcoholics in your family nor do you have an encounter with a drunk driver or a driver high on weed.

78 posted on 07/07/2017 11:01:52 AM PDT by ealgeone
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To: SoothingDave

They probably will. SOP I believe.


79 posted on 07/07/2017 11:01:54 AM PDT by rktman (Enlisted in the Navy in '67 to protect folks rights to strip my rights. WTH?!)
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To: Noamie

In Oregon, legal weed can be had for 5 or 6 bucks a gram. Pretty sure that at least matches the street price. And, believe it or not, some people do follow the law and give away weed. You can grow more than you can legally possess, so it’s legal to give away amounts of up to an ounce at a time.


80 posted on 07/07/2017 11:02:52 AM PDT by gundog (Hail to the Chief, bitches.)
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