420Patients.com is accepting qualified medical marijuana patients and caregivers to join our network. We value every registered member and we hope to serve you in Arizona. This article brought to you by 420 community friends mmjbusinessdaily.com
Nevada lawmakers have given final approval to a regulatory structure to tax the cultivation and sale of recreational marijuana when the industry is up and running.
Senate Bill 487 – which the governor is expected to sign into law – levies a 10% tax on retail sales and 15% tax on marijuana growers. The tax also would apply to cannabis grown and sold for medical use. Medical marijuana currently is taxed at 2%.
The legislation approved late Sunday is projected to raise $70 million in state tax revenue over two years when recreational sales begin, but a