Adult recreational use was legalized in 2017 after voters approved the 2016 Ballot Question 2, Initiative to Regulate and Tax Marijuana. On January 1, 2017, adults in Nevada could purchase up to one ounce of marijuana from legal dispensaries. The regulatory authority changed to the Nevada Department of Taxation under Chapter 453D of Nevada Revised Statutes (NRS). In August … [Read more...] about From Seed to Sale
Department of Taxation
Welcome to Nevada: Tax Changes Looming
Nevada is well known as a corporate tax haven. Many large companies are incorporated in Nevada, particularly those whose headquarters are located in California, Arizona or Utah. There are several reasons for this. One is that Nevada law provides strong protections against holding corporation’s owners responsible for the actions of a corporation. Another reason has to do with … [Read more...] about Welcome to Nevada: Tax Changes Looming
The Margin Tax Proposal: Initiative will Kill Business in Nevada
As a Nevada business owner or executive, you’re probably hoping that 2014 will be the year our state finally climbs out of the depths of the recession, but the so-called “Education Initiative,” which will come before the voters on the November 2014 ballot, could spell the end of any hopes for economic recovery. It has the potential to kill business in our state. Here’s a … [Read more...] about The Margin Tax Proposal: Initiative will Kill Business in Nevada