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Porterville Recorder - - FRONT PAGE -

RENO, Nev. — State tax of­fi­cials say the first month of le­gal sales of recre­ational mar­i­juana in Ne­vada brought in more than $3.5 mil­lion in tax rev­enue.

Ne­vada Tax De­part­ment spokes­woman Stephanie Klap­stein (Klapp’-steen) told The As­so­ci­ated Press Thurs­day they are “good num­bers” con­sis­tent with pro­jec­tions pot sales will gen­er­ate $120 mil­lion in state taxes over the next two years.

The com­bi­na­tion of a 15 per­cent whole­sale and 10 per­cent re­tail tax raised $3.68 mil­lion in July, the first month of Ne­vada’s fis­cal year.

Some of that’s headed to the state’s rainy day fund. But the vast ma­jor­ity go­ing for­ward is ded­i­cated to schools. Le­gal sales be­gan July 1. The $120 mil­lion bi­en­nial pro­jec­tion an­tic­i­pates $5 mil­lion in monthly tax rev­enue. But Klap­stein says state of­fi­cials ac­tu­ally pro­jected no rev­enue for July be­cause of un­cer­tainty sur­round­ing li­cens­ing and lo­cal or­di­nances.

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