Is There a Nevada Marijuana Tax?
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Is there a tax in Nevada, and if so, how much is it?
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Yes, there is an excise tax on the wholesale and retail sale of medical marijuana and marijuana products in Nevada. The tax is 2% of the sales price. This tax is imposed every time it is sold, whether it is for wholesale or retail.
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Yes, there is an excise tax in Nevada and it is 2% of the sale amount. But if you are a weed user, don’t worry! the tax is only for sellers. They pay it monthly in the tax return. Penalty taxes exist for them if they don’t make the right procedure in tax return.
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The state of Nevada requires that any person registered to sell medical marijuana, regardless of whether they are growers, wholesalers or retailers, file a tax return and pay a tax rate of 2% on sales on a monthly basis. The form must be filed even if no sales where made during the tax period. Late fees and interest are accessed on delinquent returns.
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