Is sniffing permanent markers dangerous?

It most certainly gives a little ‘high’, but I heard it causes brain damage.

If the permanent marker contains solvents such as toluene, xylene etc then brain damage can result from long term use. Some solvents contain water or ethanol as solvent, in which case little harm can come of it.
see http://www.informinc.org/fact_P3industrialmarkers.php for soem more information

sorry - should be “some markers contain water or …”

Inhalants