Retail marijuana is subject to the following
- 15 percent
excise tax on the wholesale sale; paid by the cultivator
- 10 percent excise tax on the retail sale; paid by the retail store
- Retail sales tax
at the local rate
The 15 percent excise tax on the wholesale sale is calculated on the Fair Market Value at Wholesale, established by the Department of Taxation.
During the 2017 legislative session, the tax structure for medical marijuana was changed from 2 percent excise tax on each sale to 15 percent excise tax on the wholesale sale, paid by the cultivator. This change means marijuana establishments that hold both medical registration certificates and retail licenses do not have to designate which portion of their inventory is medical and which is retail. Marijuana inventory can be kept as a single stream until the point it is sold to the consumer. If it is sold to a retail customer, the additional 10 percent retail excise tax will be applied. If it is sold to a medical cardholder, the 10 percent will not be applied to the sale. Regular sales tax at the local rate will be charged to both medical and retail customers.
Revenue from the 15 percent wholesale excise tax will go toward Nevada
schools (less the amount to cover the costs of the program for the
state and local governments).
Revenue from the 10 percent retail excise tax will go the state Rainy Day Fund.