New Mexico Tribes Sign Agreement on Adult-Use Cannabis Sales

New Mexico Tribes Sign Agreement on Adult-Use Cannabis Sales
Cannabtimes

<![CDATA[Two New Mexico tribes have signed an agreement with state officials on adult-use cannabis sales, which officially launched in the state April 1.RELATED: New Mexico’s Ultra Health Reflects on First Days of Adult-Use SalesThe agreement, announced May 19, recognizes the tribes’ authority to collect cannabis sales tax, according to the Associated Press.New Mexico’s 12% tax on adult-use cannabis will not apply to products sold by the tribes, but the agreement allows the Pojoaque and Picuris pueblos to tax cannabis products similarly to cigarettes and gasoline, the news outlet reported.RELATED: New Mexico Governor, Pueblos Sign Intergovernmental Agreements on Cannabis“New Mexico has a strong history of collaborating with tribes to efficiently administer taxes while recognizing tribal sovereignty and the limitations of state authority on tribal lands,” Stephanie Schardin Clarke, secretary of the New Mexico Taxation and Revenue Department, told AP.]]>

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Source : New Mexico Tribes Sign Agreement on Adult-Use Cannabis Sales

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