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NM Tax and Revenue: Lawmakers didn't intend for cannabis tax breaks

New Mexico State Supreme Court
The issue of whether taxes on medical cannabis sales in New Mexico should have been deductible prior to this year is one step closer to being heard by the state’s supreme court.
The state Attorney General’s office filed a brief on Monday with the New Mexico Supreme Court on behalf of the New Mexico Taxation and Revenue Department that argued state lawmakers did not intend to allow gross receipts tax deductions on medical cannabis sales until this year.
The issue stems from a request by medical cannabis producer Sacred Garden to deduct gross receipts taxes from its sales. The department denied the claim on the basis that medical cannabis is not prescribed like other medication. In New Mexico gross receipts taxes are deductible from prescription drugs and medical cannabis is not prescribed by a doctor, but instead recommended. A New Mexico Court of Appeals panel ruled in favor of Sacred Garden last January, writing that in terms of ....

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Northern College announces infrastructure renovations

Article content
All of Northern College’s campuses, including Kirkland Lake will be getting some much needed renovations.
The college’s Board of Governors recent voted unanimously to invest well over $7 million dollars in building restoration, renewal and.
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Northern College announces infrastructure renovations Back to video
School officials say “projects including replacing frosted, cracked windows into clear, energy-efficient ones (Kirkland Lake), replacing brick facing (Kirkland Lake), installing ventilation systems into trade shops for carpentry (Moosonee), renovating and expanding Vet Sciences labs (Haileybury), restoring the building envelope outside the Innovation Hub (Timmins), and the planting of a Sacred Garden with Indigenous medicines and outside gathering spaces (Timmins). These and many other projects are included in the considerable capital project submission. ....

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State agencies confirm medical cannabis purchase limits will not increase anytime soon

May 5, 2021
Two New Mexico state agencies confirmed on Wednesday in a letter that medical cannabis purchase limits will not increase, as it was previously suggested last month by a group of medical cannabis producers.
Related:
In an official response to the group of five medical cannabis producers, New Mexico Department of Health Secretary Tracie Collins and state Regulation and Licensing Department Superintendent Linda Trujillo wrote that until commercial cannabis sales begin next year medical cannabis patients’ purchases will be limited to roughly eight ounces of cannabis in a rolling 90-day period. The Medical Cannabis Program, which is currently overseen by DOH, limits purchases to 230 units in 90-days. The program defines a unit as one gram of dried, smokable cannabis or 0.2 grams of cannabis concentrates or derivatives. ....

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gross receipts tax | The NM Political Report

gross receipts tax | The NM Political Report
nmpoliticalreport.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from nmpoliticalreport.com Daily Mail and Mail on Sunday newspapers.

New Mexico , United States , Joe Lennihan , Supreme Court , Revenue Department , Sacred Garden , புதியது மெக்ஸிகோ , ஒன்றுபட்டது மாநிலங்களில் , உச்ச நீதிமன்றம் , வருவாய் துறை , புனிதமானது தோட்டம் ,

Conflicting views on medical cannabis as a prescription | The NM Political Report

Conflicting views on medical cannabis as a prescription | The NM Political Report
nmpoliticalreport.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from nmpoliticalreport.com Daily Mail and Mail on Sunday newspapers.

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