Tax revenue from cannabis sales across Nevada dropped almost 9% in 2025, according to newly released numbers from the Cannabis Compliance Board. Revenue from taxable sales for 2025 generated $757.7 million, a decline from $829.2 million in 2024.
The decline in dispensary and lounge sales translates into less money for schools: state law requires 10% of excise tax revenue to go to education. The State Education Fund received almost $96 million in 2025, a decline from $107.9 million in 2024. Sales have been on a general decline since the pandemic, as more states legalize adult-use and medicinal marijuana. However, the Nevada Cannabis Association points to a major threat to revenue: unlicensed sales.
A study by the Cannabis Compliance Board shows up to a quarter of marijuana sales in Nevada are illegal, cutting into tax revenue from licensed dispensaries and lounges.
The CCB encourages customers to find legal sellers and visit the full list of active Nevada Cannabis Licensees and operators on its website.
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