NM: Committee Holds Off On Decision For Marijuana Tax Bill

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Santa Fe, N.M. A bill that would legalize and tax marijuana in New Mexico is facing a road block.

The Santa Fe New Mexican reports the Senate Judiciary Committee held off on making a decision on the bill Friday.

The bills sponsor Sen. Gerald Ortiz Y Pino said he will work on a revised bill that could be ready as early as Tuesday.

As of now, there would be a 15% sales tax to help state finances.

Local governments would choose whether to allow marijuana sales and could collect a 5% tax.

News Moderator: Katelyn Baker
Full Article: Committee Holds Off On Decision For Marijuana Tax Bill
Author: Christian Naranjo
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Photo Credit: KRQE
Website: KRQE