Appellate ruling allows tax deduction for medical pot in New Mexico
Marijuana Industry NewsMedical MarijuanaNew Mexico February 4, 2020 0
A state Court of Appeals ruling that New Mexico medical marijuana producers can claim a tax deduction for prescription medication could affect prices for 80,000 or so enrolled patients statewide – and the state budget. The ruling, which overturned a hearing officer’s decision, could carry a multimillion-dollar price tag... Read more
New Mexico court allows medical marijuana tax deduction
Marijuana Industry NewsNew Mexico February 2, 2020 0
SANTA FE, N.M. (AP) – Medical marijuana producers in New Mexico can claim a tax deduction for prescription medication, a move that could affect prices for thousands of enrolled patients, according to a state Court of Appeals ruling. The 11-page ruling means lawmakers must soon set aside funding to... Read more
New Mexico Legislature eyes recreational pot legalization
Marijuana Industry NewsNew Mexico January 29, 2020 0
January 29, 2020 by AggregatedNews Leave a Comment SANTA FE, N.M. — A Democrat-backed bill to legalize recreational marijuana businesses in all towns and counties across New Mexico was set to get its first public vetting Tuesday by lawmakers. A legislative committee will convene in the afternoon on the... Read more
New Mexico Recreational Pot Legalization Passes 1st Test
Marijuana Industry NewsMedical MarijuanaNew MexicoRecreational Marijuana January 29, 2020 0
January 29, 2020 by AggregatedNews Leave a Comment A Democrat-backed bill to legalize recreational marijuana businesses in all towns and counties across New Mexico passed its first test late Tuesday amid heighten interested from businesses and health care advocates. The Senate Public Affairs Committee voted 4-3 along party lines to move... Read more
New Mexico Gov. begins push for legal marijuana
Marijuana Industry NewsNew MexicoRecreational Marijuana January 18, 2020 0
Gov. Michelle Lujan Grisham began her push to try to win over skeptics on the issue of legalizing recreational marijuana use on Thursday, telling Albuquerque business leaders the policy shift would immediately create 11,000 jobs and generate tax dollars that could be used on public safety programs. With a... Read more
New Mexico to invest $400,000 in Las Cruces hemp manufacturing firm
Industrial Hemp NewsMarijuana Laws, Regulations, & PoliticsNew Mexico December 5, 2019 0
A hemp manufacturing business in Southern New Mexico will get a boost from the state’s Economic Development Department. The agency said it has pledged to invest $400,000 in 420 Valley as part of a continued effort by Gov. Michelle Lujan Grisham’s administration to grow the burgeoning industry. 420 Valley... Read more
