Nevada Department of Taxation Releases Fair Market Value at Wholesale of Cannabis

The Nevada Department of Taxation Sept. 3 released a document outlining the method for calculating the fair market value of various categories of cannabis for taxation purposes. The document, effective from Oct. 1, also details changes in tax regulations due to the implementation of AB430 and Senate Bill 277 and provides a methodology for determining the fair market value at wholesale for each cannabis category. [Nev. Dep’t of Tax’n, Fair Market Value at Wholesale of Cannabis, 09/03/24]

This story was produced by Bloomberg Tax Automation, and edited by Bloomberg Tax staff.