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Home » Beats » Business » Cannabis

Cannabis

Marijuana and drug policy issues in New Mexico politics.

Posted inCannabis

Your legal high gets more expensive on July 1. Here’s why.

Kevin Hendricks | nm.news by Kevin Hendricks, nm.news 4 hours agoJune 30, 2025

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, […]


About the author

Kevin Hendricks, nm.news

Kevin Hendricks is a local news editor with nm.news. He is a two-decade veteran of local news as a sportswriter and assistant editor with the ABQ Journal and Rio Rancho Observer.


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