Nevada Administrative Code
Chapter 372A - Tax on Controlled Substances
EXCISE TAX ON MEDICAL MARIJUANA
Section 372A.115 - "Fair market value" defined
Universal Citation: NV Admin Code 372A.115
Current through February 27, 2024
"Fair market value" means the value established by the Department based on the price that a buyer would pay to a seller in an arm's length transaction for cannabis in the wholesale market.
Added to NAC by Tax Comm'n by R108-20A, eff. 4/11/2022
NRS 360.090, 372A.050, 678B.640
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