New Mexico State Supreme Court Rules….”medical cannabis purchases in the state are not subject to the state’s gross receipts tax”
Cannabis Law Report
FEBRUARY 25, 2022
Others in the industry estimate that the state has collected between $25 million and $30 million in gross recipes from medical cannabis producers. New Mexico launched its medical cannabis program in 2007 and, as of January, the program had more than 130,340 enrolled patients, according to state Department of Health data.
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