Medical Marijuana Exchange

Welcome!

Please verify your age to enter.

I am 21 or Older
I am Under 21

pequenos.pt

Baterias para Portáteis

New Mexico to end taxes on medical marijuana, revise grow limits

apnews.com May 5, 2021
New Mexico to end taxes on medical marijuana, revise grow limits

SANTA FE, N.

M.

(AP) — 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.

On Wednesday, State Heath Secretary Tracie Collins and Regulation and Licensing Superintendent Linda Trujillo voiced disagreement with warnings about an imminent marijuana shortage.

They acknowledge that possession of up to 2 ounces (56 grams) of marijuana becomes legal on June 29 — but note that recreational marijuana sales won’t kick off until later.

The deadline for initiating those sales is April 1, 2021, and potentially earlier.

The letter also indicates that medical cannabis patients won’t be shielded completely from current sales and future marijuana excise taxes, which will be levied on purchases in excess of the 90-day, 8 ounce (225 gram) supply limit for individual patients.

More than 115,000 people in a state of 2.


- read the rest of the article here

Add Comment

Sponsored stories