By Jesse Jones, with research assistance from Noah Gollin – About 75,000 New Mexicans who buy coverage through the state’s health insurance exchange will see health insurance rates increase between 35% and 52% starting in January, though state subsidies could help mitigate those increases for lower income families. Earlier this year, the State’s Superintendent of […]
Category: Business
Posted inCannabis, New Mexico
New Mexico Supreme Court upholds warrantless vehicle searches during brief decriminalization era
New Mexico drivers stopped by police during the state’s brief marijuana decriminalization period could still have their vehicles searched without a warrant based on the smell of cannabis alone, the state Supreme Court ruled Thursday in a unanimous decision that clarifies police powers during a unique period in the state’s drug policy history. The ruling […]
Posted inCannabis
Your legal high gets more expensive on July 1. Here’s why.
Get ready to pay a bit more for your cannabis in New Mexico starting July 1. The state’s cannabis excise tax is set to increase from 12% to 13%, marking the first of annual 1% hikes mandated by current law until 2030. The New Mexico Taxation and Revenue Department recently issued a notice to licensees, […]