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New Mexico
21 States With the Highest, Lowest Cannabis Sales Per Dispensary
With only seven dispensaries, Rhode Island tops the list with nearly $17 million in annual sales revenue per store. But that will soon change.
New Mexico
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.
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.
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.
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.
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.
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.
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.
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.
New Mexico Cannabis Industry Calls on Regulators to Pause Licensing Amid ‘Extreme Instability’
In a letter to the governor, stakeholders say the state should pause the issuance of new licenses, commission a market study and “dedicate significant resources” to identifying and penalizing illegal operators.
Adult-Use Cannabis Sales Have Generated $15 Billion in State Tax Revenue
Since Colorado and Washington launched adult-use cannabis sales in 2014, states have generated more than $15 billion in adult-use cannabis tax revenue, according to an analysis from the Marijuana Policy Project. Here's a state-by-state breakdown of tax revenue from 2022.
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