Nevada marijuana firm accused of failing to pay state taxes

A marijuana cultivator and shaper successful Washoe County could suffer its licence aft it avoided paying hundreds of thousands of dollars successful taxes, according to a ailment filed by the Cannabis Compliance Board this week.

NNV Operations I, INC, which operates nether the sanction Silver State Trading, had galore unpaid oregon underpaid wholesale marijuana taxes to the Department of Taxation dating backmost to June 2019, according to the ailment filed by the board. The authorities collects a 15 percent wholesale cultivation and accumulation taxation connected marijuana successful the state.

The Nevada lawyer general’s office, which prepared the ailment for the Compliance Board, recommended that the company’s 4 licenses — they clasp aesculapian and recreational licenses for cultivation and accumulation — beryllium revoked arsenic good arsenic a $90,000 good if the committee deems the violations intentional, oregon $220,000 if unintentional.

The institution paid nary taxes for 11 of 12 months from June 2019 to May 2020. The institution underpaid their taxes connected the different month, according to the complaint. NNV besides did not wage wholesale marijuana taxes for February, March oregon April of this year.

The ailment details much than $468,000 successful unpaid taxes from the company, and an further $111,000 successful penalties and involvement owed for those taxation debts.

The company’s owners signed outgo plans with the Department of Taxation successful June successful bid to wage backmost the astir $528,000 successful delinquent taxes, penalties and involvement owed to the authorities astatine the time.

An researcher looked into the company’s taxation compliance successful November aft 3 checks submitted arsenic taxation payments by the institution betwixt July and August were returned by the slope owed to insufficient funds, the ailment said.

A telephone fig listed for the institution was nary longer successful work Thursday. An email code for the institution nary longer works.

The Compliance Board said it does not remark connected disciplinary matters.

Intentionally failing to wage taxes is considered a Category I violation, which tin pb to a institution losing its cannabis licence successful Nevada and marque the licence holder ineligible to person different license.

Contact Colton Lochhead astatine clochhead@reviewjournal.com. Follow @ColtonLochhead connected Twitter.