INDUSTRY DEVELOPMENTS New Jersey Although the state missed a Feb. 22 deadline set by regulators to kick-start adult-use marijuana sales in the state, the launch isn't far off, according to Gov. Phil Murphy, who predicted sales would start in March. However, the New Jersey Cannabis Regulatory Commission, has yet to sign off on recreational sales for any of the state's 23 operational medical marijuana dispensaries-in part because the agency is waiting for local authorities to signal their approval for adult-use businesses. City officials must provide written confirmation that they are in support of recreational sales within their borders before any licensed MMJ dispensary can begin selling adult-use products. New Mexico The state's highest court declined to hear an appeal regarding whether medical marijuana producers are subject to the New Mexico gross receipts tax, meaning MMJ businesses will be able to claim a significant tax break. In February 2020, New Mexico's Court of Appeals ruled in favor of a medical cannabis provider seeking a refund of gross receipts taxes, finding that MMJ qualified as a prescription drug under the state's tax rules. In a news release, New Mexico cannabis company Ultra Health said it expects to receive a $7.4 million refund from the state for gross receipt taxes on medical marijuana. Pioneer a better design TM We Are Enhancing the Customer Experience * 100% concealed * Totally keyless * Accelerates workflow * Tracks and records activity * Optimize customer experience senseon.com/senseon-plus