SANTA FE, N.M., Feb. 2, 2018 /Weed Wire/ — Today, a legislative committee voted in favor of taxing and regulating marijuana in New Mexico. On a vote of 4-3 New Mexico State Senator Ortiz y Pino’s (D-12-Bernalillo) Senate Joint Resolution 4 (SJR4) passed the Senate Rules Committee.
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SPRINGFIELD, Ill., March 23, 2017 /Weed Wire/ — State lawmakers introduced legislation Wednesday that would end marijuana prohibition in Illinois and establish a system in which marijuana is regulated and taxed for adult use.
Tax revenues are a powerful incentive for states to embrace legalization. According Colorado’s Department of Revenue, Colorado has already collected nearly $22 million in marijuana taxes, licenses and fees in fiscal year 2014.