Nevada’s adult-use market has been on the rise since legalization in 2018. The distribution of licenses is strict compared to other legalized states. The COVID-19 restrictions in Nevada were some of the most extreme in the nation, causing cannabis sales to decline. Now that they are lifted, Nevada sales on the rise again.
Medical Use: Yes
Adult Use: Yes
Expected to increase post COVID-19 restrictions. The licensing distribution has very intricate and lengthy laws.
No caps for cultivation, manufacturers, testing labs. Dispensary licenses are capped.
5/16 counties in Nevada allow cannabis operations. Each area has limits on the amount of licenses allowed per county.
1 excise tax per vertical.
Nevada Cannabis Details
28 sq. miles
2020 Medical Sales
2022 Projected Medical Sales
2022 Adult Use Sales
2022 Projected Adult Use Sales
The Nevada Cannabis Compliance Board
# of Dispensaries (allowed/issued)
# of Cultivators (allowed/issued)
# of Manufacturers (allowed/issued)
# of Testing Labs (allowed/issued)
No limit 10
Allowed at state level, varies by locality
Yes, but on a jurisdictional/city level
Combined Tax Rate
~15% for Adult-Use
15% wholesale, 10% retail
Retail Sales Tax
Local Sales Tax
State Sales Tax
4.5% (MMJ is only subject to state tax)
Licensing Fees (per year)
*Varies based on gross revenue
Initial Medical Marijuana Dispensary Registration Certificate
Medical Marijuana Dispensary Renewal
Initial Medical Marijuana Cultivation Registration Certificate
Medical Marijuana Cultivation Renewal
Initial Medical Marijuana infused-products production Facility Registration Certificate
Initial Medical Marijuana Independent Testing laboratory Registration Certificate
Medical Marijuana Independent Testing laboratory Certificate Renewal
Distributor License Fee
Medical Marijuana Establishment Registration Certificate Application