New Mexico § 7-1-6.68 - Distribution; cannabis excise tax; municipalities and counties
Full text of New Mexico New Mexico Statutes Annotated § 7-1-6.68 — Distribution; cannabis excise tax; municipalities and counties, with citation guidance and answers to common questions.
§ 7-1-6.68. Distribution; cannabis excise tax; municipalities and counties
A. A distribution pursuant to Section 7-1-6.1 NMSA 1978 shall be made to each municipality, subject to any increase or decrease made pursuant
to Section 7-1-6.15 NMSA 1978 , in an amount equal to thirty-three and thirty-three hundredths percent of the net
receipts attributable to the cannabis excise tax from business locations within the
municipality as reported pursuant to Section 7-42-4 NMSA 1978 . B. A distribution pursuant to Section 7-1-6.1 NMSA 1978 shall be made to each county in an amount equal to thirty-three and thirty-three
hundredths percent of the net receipts attributable to the cannabis excise tax from
business locations within the county area of the county as reported pursuant to Section 7-42-4 NMSA 1978 . C. The department may deduct an amount not to exceed three percent of the distributions
made pursuant to this section for the reasonable costs for administering the distributions. D. As used in this section, “ county area ” means that portion of a county located outside the boundaries of any municipality.
Source: official New Mexico text · Last verified 2026-08-27
Frequently Asked Questions About New Mexico § 7-1-6.68
What does New Mexico Statutes Annotated § 7-1-6.68 cover?
Section 7-1-6.68 ("Distribution; cannabis excise tax; municipalities and counties") is part of the New Mexico Statutes Annotated, the codified statutory law of New Mexico. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite New Mexico § 7-1-6.68?
A common citation format is "New Mexico Statutes Annotated § 7-1-6.68" (New Mexico). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of New Mexico law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the New Mexico official source linked on this page or consult a licensed New Mexico attorney.
How does New Mexico § 7-1-6.68 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in New Mexico can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in New Mexico.