New Mexico
New Mexico, two pueblos come to cannabis tax agreement
NEW MEXICO (KRQE) – The State of New Mexico has reached an settlement with two pueblos about hashish taxes. Below the settlement, the pueblos of Pojoaque and Picuris have the authority to manage their very own taxes for hashish gross sales.
“New Mexico has a powerful historical past of collaborating with tribes to effectively administer taxes whereas recognizing tribal sovereignty and the constraints of state authority on tribal lands,” stated Taxation and Income Secretary Stephanie Schardin Clarke in a launch.
It’ll cowl all hashish companies working on pueblo lands and the pueblos will determine what companies can open on their land. The settlement additionally means the state hashish excise tax of 12% doesn’t apply to these companies on tribal land.