Wholesale Marijuana Tax Return
An excise tax on the first wholesale sale of marijuana by a cultivator. The rate is 15%, calculated on Fair Market Value, as determined by the Department. The tax return is due monthly and the tax imposed on the cultivator making the sale.
Fair Market Value at Wholesale
• NRS 453D requires the Department to determine the Fair Market Value at Wholesale of retail marijuana. Pursuant to permanent regulation LCB File No. R092-17, Fair Market Value is defined as the value established by the Nevada Department of Taxation (Department) based on the price that a buyer would pay to a seller in an arm’s length transaction for marijuana in the wholesale market.