MJBizMag April 2021 - 31

New Mexico
State lawmakers didn't make the deadline for passing an adult-use marijuana
legalization bill and sending it to Gov. Michelle Lujan Grisham, who has been
pushing for legalization. Nora Meyers Sackett, the governor's spokeswoman,
indicated that Lujan Grisham likely would call a special session if the bill didn't
pass the finish line. The state House passed the legislation by a 39-31 vote. The
latest version of the bill had retail sales starting as soon as April 1, 2022. An
excise tax of 12% would be placed on sales of adult-use products while medical
marijuana sales would be tax-free.
New York
A lawsuit filed Feb. 5 claims that New York-based Hudson Health Extracts (HHE)
merited a top-five ranking for its MMJ application in 2015. The company appears
to have had the credentials that would make for a successful applicant, yet HHE
ranked 13th among 43 applicants with a financial standing score of " average. "
Since launching in 2016, the New York MMJ program has experienced turnover
involving half of its 10 vertical licenses. The lawsuit blames these issues on the
state awarding licenses to companies " that lacked the operational competence and
the financial resources necessary to build a capital-intensive cultivation facility, run
a processing plant, and sustain four retail locations spread across the state. "
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MJBizMag April 2021

Table of Contents for the Digital Edition of MJBizMag April 2021

MJBizMag April 2021 - 1
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