New Mexico Tribes Sign Agreement on Adult-Use Cannabis Sales

Two New Mexico tribes have signed an agreement with state officials on adult-use sales, which officially launched in the state April 1.

RELATED: New Mexico’s Ultra Health Reflects on First Days of Adult-Use Sales

The agreement, announced May 19, recognizes the tribes’ authority to collect sales tax, according to the Associated Press.

New Mexico’s 12% tax on adult-use 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.

]]>

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