In the year since New Mexico legalized recreational cannabis, the state has collected nearly $46 million dollars in excise and gross receipts taxes from the industry.

Using 10 months’ worth of data provided by the New Mexico Tax and Revenue Department, 4 Investigates determined the legalization has been a boon for border cities and towns like Sunland Park near Las Cruces.

With a population of less than 20,000 people, the town has cashed in on its proximity to Texas. It easily eclipsed the half-million-dollar mark in excise tax alone from April 2022 to this January.

Story: https://www.kob.com/new-mexico/4-investigates-cashing-in-on-cannabis/

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