The price of medical marijuana varies at dispensaries across Nevada and may be affected by factors like cannabis strain, location, weed quality, and ingestion method. The average cost of 1 ounce of high-quality marijuana is $270 while the same quantity of medium-quality weed costs $234. The cost of one cannabis joint (0.66 grams) of high quality is $6.29 in the state.
No. Banks and credit card companies do not process marijuana-related transactions due to the federal classification of cannabis as a Schedule I substance. As a result, licensed dispensaries in Nevada do not accept credit cards for online or in-person purchases of marijuana and marijuana products. Cash and debit cards are acceptable methods of payment.
The State of Nevada imposed a sales tax of 6.85% on medical cannabis. In addition, medical marijuana is subject to a 15% wholesale cannabis excise tax paid by a cultivator.
In Nevada, recreational marijuana is subject to a 15% wholesale excise tax and 10% retail excise tax as well as sales tax of 6.85%. Hence, recreational cannabis is likely to cost more than medical cannabis to end users in the state.
Nevada does not have a program that offers lower prices for the purchase of medical cannabis by veterans, seniors, or indigents. However, many licensed dispensaries offer up to 30% discount to veterans, seniors (60 years or older), and active military personnels. A medical cannabis patient can also save money on the cost of medical marijuana by growing their own supply. The State of Nevada provides conditions under which a patient may be denied the right to grow their own plants; otherwise, a patient may cultivate up to 12 plants. Since marijuana prices vary at dispensaries, medical cannabis users should shop around and compare prices to get the best deals on their preferred medical marijuana products.