Political and Legislative
New Mexico to Stop Taxing Medical Marijuana and Revise Cannabis Legislation
New Mexico will stop charging sales taxes on limited amounts of medical marijuana and begin revising current limits on pot cultivation June 29 in the first steps toward legalization of recreational marijuana, top health and licensing regulators announced Wednesday in a letter to authorized cannabis businesses.
Medical marijuana business last month voiced concerns about a potential run on pot supplies and shortages during the transition to a legal recreational market if authorities don’t move soon to lift a limit on the number of marijuana plants that each business can grow.
Democratic Gov. Michelle Lujan Grisham enacted legislation last month that outlines the oversight, licensing and taxation of the recreational cannabis sector.
