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CANNABIS COMPLIANCE BOARD STATE OF NEVADA ccb.nv.govADRIANA GUZMN FRALICK ChairCARSON CITY OFFICE 1550 College Parkway, Suite 142 Carson City, Nevada 89706 Main Line: (775) 6876299JOE LOMBARDO GovernorLAS
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NEWS (Nevada Excise Tax on Wholesale Cannabis Sales) is a reporting mechanism for cannabis businesses in Nevada to report their cannabis sales and remit the appropriate taxes.
All licensed cannabis cultivators, producers, and wholesalers in Nevada are required to file the NEWS to report their sales and pay taxes on cannabis.
To fill out the NEWS, businesses must provide detailed information about their cannabis sales, including quantities sold, sales prices, and related tax calculations, on the appropriate forms provided by the state.
The purpose of the NEWS is to ensure compliance with tax obligations related to cannabis sales, enabling the state to collect excise taxes and monitor the cannabis market.
Businesses must report information including total sales, quantities of cannabis sold, applicable tax rates, and any returns or credits for the reporting period.
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