Connect with us

New Mexico

New Mexico earns more than $2.4 million from cannabis tax

Published

on

New Mexico earns more than .4 million from cannabis tax


ALBUQUERQUE, N.M. (KRQE) – The primary month of leisure hashish gross sales in New Mexico has earned the state greater than $2.4 million in hashish excise taxes. That’s from greater than 100 retailers, in accordance with the state’s Taxation and Income Division (TRD).

Authorized leisure hashish retail gross sales started on April 1, 2022. On opening day alone, retailers bought almost $2 million value of leisure hashish. Within the first month, retailers bought simply over $22 million value. And people gross sales have been topic to a cannabis-specific excise tax.

Medical hashish gross sales to certified sufferers are exempt from the excise tax. However non-medical gross sales are at the moment topic to a 12% excise tax. That’s along with the same old gross receipts tax that companies are required to pay.

For the month of April — the primary month of gross sales — 114 retailers filed tax returns. They paid $2,422,678 in excise tax and $1,635,243 in gross receipts tax, in accordance with TRD.

Advertisement

“The grownup use hashish business in New Mexico clearly has gotten off to a robust begin,” Stephanie Schardin Clarke, the taxation and income secretary, mentioned in a press launch. “These receipts present the business is already diversifying our economic system and our tax base.”

The business is anticipated to broaden within the coming months as extra retailers obtain license approval from the state’s Hashish Management Division (CCD) and start gross sales. In the end, “the brand new business is projected to generate $300 million yearly in gross sales, create 11,000 jobs and herald $50 million in state income within the first 12 months alone,” in accordance with the CCD.

KRQE Information 13 expects to obtain gross sales information for the month of Might within the subsequent week or so.



Source link

Advertisement
Continue Reading
Advertisement
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

New Mexico

Poll: Vasquez leads Herrell in New Mexico's 2nd Congressional District race

Published

on

Poll: Vasquez leads Herrell in New Mexico's 2nd Congressional District race


ALBUQUERQUE, N.M. — A new KOB 4/SurveyUSA poll shows that incumbent Democratic U.S. Rep. Gabe Vasquez has a solid lead over Republican challenger Yvette Herrell.

We asked voters in New Mexico’s Second Congressional District, “If the election was held today, who would you vote for?” Here were the results:

  • Gabe Vasquez: 51%
  • Yvette Herrell: 42%
  • Undecided: 8%

582 likely voters surveyed. Credibility interval of +/- 4.5 percentage points

This race is a rematch of two years ago when Vasquez beat Herrell when she was the incumbent. Vasquez has served CD-2 since winning in 2022, representing much of southern New Mexico, including communities like Alamogordo, Carlsbad, Silver City and Las Cruces, and parts of the Albuquerque metro like the West Side and the South Valley.

We asked voters, “What is your opinion on Gabe Vasquez?”

Advertisement
  • 45% have a favorable opinion of him
  • 31% have an unfavorable opinion
  • 18% are neutral
  • 5% have no opinion

582 likely voters surveyed. Credibility interval of +/- 4.5 percentage points

We also asked voters about their opinion on Yvette Herrell:

  • 34% have a favorable opinion
  • 41% have an unfavorable opinion
  • 20% are neutral
  • 6% have no opinion

582 likely voters surveyed. Credibility interval of +/- 4.5 percentage points

There are many issues that are playing into elections across the board so we asked CD-2 voters, “Which of these issues will have the most influence on your vote for the U.S. House of Representatives?”

  • Immigration and border: 28%
  • Abortion: 17%
  • Inflation: 16%
  • Crime: 12%

582 likely voters surveyed. Credibility interval of +/- 4.5 percentage points

Jumping off of that question, we also asked about how much of a deciding issue immigration and the border is:

  • Conservatives: 48%
  • Moderates: 22%
  • Liberals: 5%

And about how much of a deciding issue abortion is:

  • Conservatives: 5%
  • Moderates: 15%
  • Liberals: 42%



Source link

Advertisement
Continue Reading

New Mexico

Nina Otero-Warren: A powerful voice for New Mexico women, children and education

Published

on

Nina Otero-Warren: A powerful voice for New Mexico women, children and education


Consuelo Bergere Kenney Althouse received an unexpected phone call in March 2021.

The voice on the other end of the line was an attorney from the U.S. Department of the Treasury seeking permission to decorate millions of commemorative quarters with the face of Althouse’s distant relative, Adelina “Nina” Otero-Warren.

To Althouse, Otero-Warren was one among a “mantle of tías” — a looming but loving group of women with shiny shoes, tight buns and high expectations — in Althouse’s large Santa Fe family. Althouse had grown up visiting Las Dos, Otero-Warren’s homestead in the hills north of Santa Fe, for family celebrations. 

Advertisement



Source link

Advertisement
Continue Reading

New Mexico

Behind the scenes of the Bernalillo County Metropolitan Court

Published

on

Behind the scenes of the Bernalillo County Metropolitan Court


ALBUQUERQUE, N.M. — The Metropolitan Court of Bernalillo County had another packed docket Saturday morning.

 “We are the busiest courthouse in the state. We see more than every other courthouse does, from the traffic tickets to the misdemeanor cases and the initial felony cases that are filed here,” said Metropolitan Court Chief Judge Joshua Sanchez.

Sanchez says the court oversees about 100 cases a day and Saturday New Mexico’s top judge, Chief Justice David Thomson of the New Mexico Supreme Court, got a firsthand look at the court’s caseload.

Sanchez says he welcomes the visit.

Advertisement

“We go to these statewide meetings, and they hear about how things happen. But until you actually kind of sit there with another judge and see what happens, it’s kind of eye-opening to see the kind of controlled chaos that we have on a Saturday morning,” he said about the visit.

He adds their biggest challenge at Metro Court is the case load.

Thomson says he plans to visit courts statewide to see these challenges for himself.

“I think it’s a good idea just to come down and see it. And what you see, if you watch these, is you see all the interactions between what we face, just not as a court system, as a society, right?” said Sanchez.

Just from one morning sitting in on court proceedings, he said it’s clear mental health plays a huge part in a lot of the cases metro court hears.

Advertisement

“If there are questions of competency, we can catch those questions here, rather when they get transferred to felony court, that’s one, can they be assessed early on,” Thomson said.

He also noticed a lot of repeat offenders.

“I think it’s very helpful to see it firsthand. On a few of these individuals. I’ve actually asked to look at some of the criminal history, so I have an understanding of the particulars,” said Thomson.

Sanchez said he hopes for more visits like this in the future.

“It’s just nice to give some real perspective and validates, I think, a lot of the things that we do communicate to AOC and the Supreme Court and things that we’re seeing,” said Thomson.

Advertisement



Source link

Continue Reading

Trending