N.M. Admin. Code § 3.2.106.15
Current through Register Vol. 35, No. 23, December 10, 2024
Receipts of a licensed cannabis retailer from the sale of cannabis products, including without limitation cannabis flowers as defined in Section 26-2C-2 NMSA 1978, are subject to the gross receipts tax. The receipts from the sale of cannabis products, including cannabis flowers as defined in Section 26-2C-2 NMSA 1978, are not receipts from the sale of unprocessed agricultural products.
N.M. Admin. Code § 3.2.106.15