Nevada Tax Department Releases Guidance on Fair Market Value at Wholesale of Cannabis

The Nevada Department of Taxation released guidance on the new determination of the fair market value at wholesale of cannabis, effective April 1. The fair market values were determined based on cultivator transactions recorded from December 2024 to February 2025 in the state’s seed-to-sale tracking system, with adjustments made for outliers and non-arm’s length transactions. [Nev. Dep’t of Tax’n, Fair Market Value at Wholesale of Cannabis, 04/01/25]

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