Some New Mexico cannabis producers may face higher than expected tax bill
Marijuana Industry NewsNew Mexico May 18, 2022 0
New Mexico recreational-use cannabis companies, for the first time, are required to file their gross receipts and cannabis excise taxes in one week. It’s unclear exactly how much the state is set to collect, but cannabis regulators reported more than $20 million in recreational-use sales for the month of... Read more
Medical Marijuana Patients In New Mexico Are Struggling To Find Product — Here’s Why
Marijuana Industry NewsMedical MarijuanaNew Mexico April 12, 2022 0
Since New Mexico launched its adult-use marijuana market April 1, dispensaries have made a lot of money, bringing in about $8 million in revenue. And while this is great for the industry and the state, medical marijuana patients have been struggling to find the products to treat their conditions.... Read more
New Mexico’s marijuana sales eclipse $4 million mark
Marijuana Industry NewsNew MexicoRecreational Marijuana April 4, 2022 0
Cannabis sales in New Mexico have been smoking hot, to say the least. Recreational cannabis sales have topped the $3 million mark, since legal sales began Friday. As of 12 pm Sunday, more than $4.5 million in total sales have been recorded statewide. $1.96 million was sold in recreational... Read more
New Mexico launches cannabis sales, within Texans’ reach
Marijuana Industry NewsNew Mexico April 2, 2022 0
SANTA FE, N.M. (AP) — New Mexico is bringing sales of recreational marijuana to the doorstep of Texas, the largest prohibition state, as the movement toward broad legalization sweeps up even more of the American West. As of midnight Friday in New Mexico, anyone 21 and older can purchase... Read more
Tribes Prepare for Cannabis Ventures in New Mexico
Marijuana Industry NewsNew MexicoRecreational Marijuana March 29, 2022 0
Two tribal communities have been reassured they’ll be able to take part in New Mexico’s marijuana market opening in April without the threat of federal law enforcement interference on tribal land, according to agreements with state cannabis regulators signed on Friday. The agreements outline plans for cooperative oversight of... Read more
