SANTA FE, N.M.- Democratic legislators have introduced a bill to regulate and tax recreational marijuana sales for people 21 and older across New Mexico.
Filed on Thursday, the House Bill 356 would allow counties and cities to opt out of the market and establish a 9 percent surtax on commercial cannabis sales.
"Prohibition has not worked. We have waged a war on drugs at the federal level and consequently at the state and local level for 50-plus years with terrible consequences," said Democratic Rep. Javier Martinez, who is sponsoring the bill. "Cannabis has been proven time and time again to be less dangerous than tobacco and alcohol. Yet we regulate and tax those two industries."
Latest from Cannabis Business Times
- Cannabis Industry Reacts to Biden’s Rescheduling Announcement
- As Predicted, 4/20 Sales Surged During Cannabis Industry Holiday Weekend
- DEA 2024 Report Focuses on THC Potency, Organized Crime, Youth Edible Consumption
- Nature's Miracle, Agrify Sign Definitive Merger Agreement
- 5 Things to Confirm When Signing a Cannabis Facility Construction Agreement
- Ziel Partners With Portocanna, Receives 1st EU GMP Certification for Microbial Control Technology in Cannabis
- White House Moves to Reschedule Cannabis in ‘Monumental’ Decision, Biden Says
- SOMAÍ Group, and Its Subsidiary, RPK Biopharma Expand Cookies Partnership to Include Europe and the UK