NM Senator Proposes Medical Pot Tax

[Sandia]

There's more tobacco and alcohol usage than MMJ, why aren't they trying to levy that kind of tax?
Can someone say "tea party!"

Dennis from Montana

Dennis....pretty much all states in the US levy an "excise tax" on tobacco. If you look at the link below:

http://www.tobaccofreekids.org/resea...s/pdf/0097.pdf

It breaks down the amt of taxes on each pack of cigarettes.....I don't smoke cigarettes but lets say that it costs $5.00 per pack. Factor out the $1.01 (rounded to a buck) the cost would be $4.00 per pack. If you look at what NM 'charges' on each pack ($0.91) then my math comes out to be 22.75% on a pack of cigarettes for the state.

Cigarettes, at least to my knowledge, are NOT considered medicine. Sooooo IMO this should NOT apply to the MMJ product.

Taxes are a touchy subject.....probably with everyone....but in the previous post I made, levying a small excise tax MAY, and I stress MAY....make the MMJ program harder to get rid of if some legislators attempt to do that.

Personal opinion....the 25% excise tax is preposterous for a medical product in my opinion only.