Nevada Tax Department Announces Cannabis Wholesale Fair Market Value for Excise Tax Calculation

The Nevada Department of Taxation announced the Fair Market Value at Wholesale for various cannabis product categories, effective Oct. 1. This value is used to calculate the wholesale excise tax on cannabis sales made by cultivation facilities. The tax rate is set at 15 percent for affiliate sales and calculated on the sales price for non-affiliate sales. The announcement includes the methodology used to determine the Fair Market Value and provides specific values for each category. The next determination of the Fair Market Value at Wholesale is scheduled for December, with new rates taking effect on Jan. 1, 2026. [Nev. ...