Cannabis Tax
Nevada imposes a Cannabis Wholesale Tax at the cultivation level and a Cannabis Retail Tax on the sale of recreational cannabis products to consumers.
About Nevada Cannabis Excise Tax and Rate Calculation
Cannabis Excise Tax regulates and supports the legal cannabis market in Nevada, ensuring that both consumers and businesses contribute to the state’s revenue through structured tax systems.
Wholesale Cannabis Tax: The wholesale cannabis tax is primarily applied to cultivators or producers of cannabis products.
- Rate: 15% excise tax on the first wholesale sale (calculated on the Fair Market Value for Affiliate sales and calculated on the sales price for Non-affiliate sales).
- Who Pays?: This tax is the responsibility of the cultivation facility.
- Applies To: This tax is levied only on the first transfer of cannabis from the cultivation facility. It’s important to note that subsequent transfers are not subject to this tax.
Retail Cannabis Tax: Retail cannabis businesses, which sell cannabis products directly to consumers, are responsible for collecting and remitting this tax.
- Rate: 10% retail excise tax on the sale price when sold for adult-use and not to a patient cardholder. Cannabis or products sold to a patient cardholder are not subject to this 10% excise tax.
- Who Pays?: This tax is collected from consumers by retail cannabis stores at the point of sale.
- Applies To: All retail sales of cannabis or cannabis products.
Late Payments
- Fiscal Year 2021: Any Medical Marijuana Tax revenue received during this period as late payments for tax obligations from prior fiscal years was combined with the Wholesale Cannabis Tax revenues.
Fair Market Value at Wholesale
NRS 678B requires the Department to determine the Fair Market Value at Wholesale of retail cannabis. 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 cannabis in the wholesale market.
- Who should use this? This summary is used by cannabis wholesalers and distributors to determine the fair market value (FMV) of wholesale cannabis. This is used to calculate the excise tax due on cannabis products.
2024:
Determination: July 1, 2024 - September 30, 2024
Determination: April 1, 2024 - June 30, 2024
Determination: January 1,2024 - March 31, 2024
2023:
Determination: October 1, 2023 - December 31, 2023
Determination: July 1, 2023 - September 30, 2023
Determination: April 1, 2023 - June 30, 2023
Determination: January 1, 2023 - March 31, 2023
2022:
Determination: July 1, 2022 - December 31, 2022
Determination: January 1, 2022 - June 30, 2022
2021:
Determination: July 1, 2021 - December 31, 2021
Determination: January 1, 2021 - June 30, 2021
2019:
Cultivation FMV Reporting Spreadsheet
Determination: July 1, 2019 - December 31, 2019
Determination: January 1, 2019 - June 30, 2019
2018:
Determination: July 1, 2018 - December 31, 2018
Determination: January 1, 2018 - June 30, 2018
2017:
Wholesale Cannabis Tax Forms
Wholesale Cannabis Supplemental Transfer to Identical Ownership Reporting
- Who should use it? This report is for entities involved in the transfer of cannabis products between facilities or licenses under the same ownership.
- Who should use it? These returns are used by cannabis wholesalers and distributors to report returns on cannabis products within a specified time period.
- Frequency: These forms are filed quarterly, and covers a three-month period.
- Wholesale Cannabis Return January 1, 2024 to March 31, 2024
- Wholesale Cannabis Return October 1, 2023 to December 31, 2023
- Wholesale Cannabis Return July 1, 2023 to September 30, 2023
- Wholesale Cannabis Return April 1, 2023 to June 30, 2023
- Wholesale Cannabis Return January 1, 2023 to March 31, 2023
- Wholesale Cannabis Return July 1, 2022 to December 31, 2022
- Wholesale Cannabis Return January 1, 2022 to June 30, 2022
- Wholesale Cannabis Return July 1, 2021 to December 31, 2021
- Wholesale Cannabis Return January 1, 2021 to June 30, 2021
- Wholesale Cannabis Return July 1, 2020 to December 31, 2020
- Wholesale Cannabis Return January 1, 2020 to June 30, 2020
- Wholesale Cannabis Return July 1, 2019 to December 31, 2019
- Wholesale Cannabis Return January 1, 2019 to June 30, 2019
- Wholesale Cannabis Return July 1, 2018 to December 31, 2018
- Wholesale Cannabis Return January 1, 2018 to June 30, 2018
- Wholesale Cannabis Return July 1, 2017 to December 31, 2017
Retail Cannabis Tax Forms
- Who should use it? Cannabis retail store operators to report sales, returns, and other relevant financial activities. The supplemental report can be included to provide additional data or corrections to previously submitted information.
- Filing Frequency: Usually filed on a monthly or quarterly basis.
Additional Information
Medical Cannabis Tax Return: ONLY FOR MEDICAL CANNABIS SALES PRIOR TO JULY 1, 2017. An excise tax on the wholesale and retail sale of Medical Use Cannabis and Cannabis Products. The rate is 2% of the sales price every time it is sold regardless if sold for wholesale or retail. The tax return is due monthly and is imposed on the person making the sale.