Nev. Admin. Code § 372A.Sec. 11

Current through December 31, 2024

Section 372A.Sec. 11 - NEW

Any cannabis or adult-use cannabis product obtained by a retail cannabis consumption lounge from the adult-use cannabis retail store to which the retail cannabis consumption lounge is attached or immediately adjacent is not subject to the excise tax on cannabis and must not be included in the measure of the tax on a return required by NAC 372A.160 until the retail cannabis consumption lounge:

1. For a single-use cannabis product, sells the single-use cannabis product to a customer of the lounge; or

2. Uses the cannabis or adult-use cannabis product to prepare a ready-to-consume cannabis product and sells the ready-to-consume cannabis product to a customer of the lounge.

Nev. Admin. Code § 372A.Sec. 11

Added to NAC by Tax Comm'n by R052-23A, eff. 12/19/2024

NRS 360.090, 372A.050