Marijuana Business Factbook 2019

Marijuana Business Factbook 2019 Chapter 2 | State-By-State: Legal Overview, Market Data and Outlook 118 © Copyright 2020, Marijuana Business Daily , a division of Anne Holland Ventures Inc. You may NOT copy this Factbook, or make public the data and facts contained herein, in part or in whole. For more copies or editorial permissions, contact CustomerService@MJBizDaily.com or call (720) 213-5992, ext. 1. NEVADA Recreational continued BUSINESS TAXES & FEES Application Fees All applicants for a marijuana establishment license are required to pay a one-time application fee of $5,000 License Fees Retail Marijuana Store: $20,000 (new); $6,600 (renewal) Marijuana Cultivation Facility: $30,000 (new); $10,000 (renewal) Marijuana Product Manufacturing Facility: $10,000 (new); $3,300 (renewal) Marijuana Distributor: $15,000 (new); $5,000 (renewal) Marijuana Testing Facility: $15,000 (new); $5,000 (renewal) Capital requirements Applicants for any license type must provide proof of at least $250,000 in liquid assets State tax requirements 15% excise tax on first wholesale sale, state sales tax (varies between counties and municipalities), and additional 10% retail excise tax on adult-use sales State tax collections in 2018 $42,509,283 SUPPLY CHAIN DYNAMICS Retail store structure For-profit allowed Number of businesses allowed Retailers: 132 Cultivators: No cap Number of businesses operating in early 2020 Dispensaries: 66 Cultivators: 134 Processors: 96 Testing Labs: 11 Weighted average price per pound of marijuana $1,649