
When Nevada voters legalized cannabis for adult use in 2016, they did so not just with an eye toward the social and civic gains of legal weed, but also toward generating revenue through state taxes. Prior to the legalization vote, advocates made the case that a regulated cannabis industry would generate millions of dollars in tax revenue for Nevada schools. Now, just over a year into legal retail sales, Nevada is expected to close out the year with $70 million in tax revenue from weed. >>>