Tag: CBT > State by State: New Mexico

Cannabis Rescheduling

Cannabis Business Leans on Schedule III Listing, Asks US Tax Court to Recognize 280E Refunds for Prior Years

The IRS can’t dispute that medical cannabis falls outside the meaning of Schedule I or II ‘without contradicting the president, the acting attorney general and HHS,’ the company says.

May 21, 2026

Mergers and Acquisitions

Vireo Growth Closes Acquisition of Schwazze Assets in Colorado, New Mexico

The company acquired 24 dispensaries in Colorado, 21 dispensaries in New Mexico and one manufacturing facility in each state at an assumed share price of $0.661.

March 24, 2026

New Mexico

Federal Judge Rules Medical Cannabis Isn’t Covered by Insurance

The U.S. district judge determined New Mexico law doesn’t mandate coverage, and, if it did, such a law would be preempted by federal law.

April 25, 2025

New Mexico

New Mexico

April 15, 2024

Cannabis Excise Tax

These 23 States, DC Collected $2.9 Billion in Cannabis Excise Tax Revenue in 2023

While Washington levies the highest excise tax rate in the nation, its cannabis revenue didn’t represent the highest percent of its total state tax revenue.

April 4, 2024

New Mexico

Bright Green Corp. Submits DEA Registration For Production of Schedule I, II Controlled Substances

The application follows the company’s approval from the New Mexico Board of Pharmacy this year.

March 7, 2024

New Mexico

New Mexico Regulators Revoke Licenses for 2 Cannabis Growers, Issue $1 Million Fines to Each

Bliss Farm and Native American Agricultural Development Co. in Torrance County exceeded their licensed plant limits, according to state officials.

January 3, 2024

California

Stone Road Farms Partners With Stash House for New Mexico Expansion

Executives from both businesses say a strong partnership was essential to bringing Stone Road’s California-based brand to New Mexico’s rapidly growing market.

November 16, 2023

US States

When and How 24 States Legalized Adult-Use Cannabis in the US: A Timeline With Current Tax Rates

Here’s the full breakdown of which states legalized through ballot measures versus legislative action and their taxation structures, including the most recent to join the list -- Ohio.

November 3, 2023

New Mexico

New Mexico Regulators Work to Bring Cannabis Businesses Into Tax Compliance

The New Mexico Taxation and Revenue Department began contacting dispensary licensees over the summer to notify them that they had failed to file one or more tax returns since registering with the department.

October 27, 2023

Montana

New Mexico, Montana Continue Breaking Cannabis Sales Records; Among Best Performing Markets in Nation

The emerging adult-use programs are outdoing their legalization peers on a per-capita sales basis.

September 13, 2023

New Mexico

New Mexico Brings in Colorado Industry Expert As Director of Cannabis Program

Todd Stevens, of Colorado-based Native Roots, is now the top cannabis regulator in the Land of Enchantment.

August 23, 2023