Assembly hears testimony in support and opposition to AB 307 cannabis tax reform

In the heart of Carson City, the Assembly Committee on Revenue convened on March 27, 2025, to discuss Assembly Bill 307, a pivotal piece of legislation aimed at reforming cannabis taxation in Nevada. As the meeting unfolded, voices from various sectors weighed in, reflecting a blend of support and concern surrounding the bill's implications.

Will Adler, representing GTI Green Thumbs Industries, was among the first to express strong support for AB 307. He emphasized that the bill builds on previous efforts to streamline cannabis taxation, advocating for a single point of tax collection to enhance reliability and transparency. Adler highlighted the importance of redirecting funds from wholesale cannabis sales back into education, framing the bill as a necessary step toward a more equitable tax structure.

Isaac Hardy, representing the Urban Consortium, echoed Adler's sentiments, noting that amendments to the bill had addressed some of their initial concerns. This collaborative spirit was palpable as stakeholders recognized the potential for AB 307 to simplify the complex landscape of cannabis taxation.

However, not all voices were in favor. Harrison Vaughn, representing Deep Roots Harvest, raised concerns that shifting the tax burden from wholesale to retail could inadvertently increase prices for consumers, potentially driving them back to the black market. David Goldwater, representing independent dispensaries, echoed this sentiment, cautioning that the bill might disproportionately benefit vertically integrated businesses while leaving smaller dispensaries at a disadvantage.

As the discussion progressed, Jennifer Perfume from the Nevada Association of Counties maintained a neutral stance, acknowledging the importance of the funds generated from cannabis taxation for social services across the state. Her comments underscored the delicate balance lawmakers must strike between fostering a thriving cannabis industry and ensuring that essential services remain funded.

The meeting concluded with Assemblywoman Danielle Gallant, the bill's sponsor, expressing gratitude for the collaborative efforts of all parties involved. She emphasized the importance of finding common ground and working towards a solution that benefits both the industry and the community.

As the committee moved forward, the implications of AB 307 remained clear: the future of cannabis taxation in Nevada is not just about numbers, but about the broader impact on communities, consumers, and the state's economy. The discussions from this meeting will undoubtedly shape the legislative landscape as stakeholders continue to navigate the complexities of cannabis regulation in the Silver State.