it seems that because this tax won't/can't be applied to marinol, it give Marinol a tax advantage in that the price of the fda approved prescription med won't be affected.


One thing I was a little shocked to see was how poorly the bill was written

in one citing they called for retention of invoices for three years...oops the state can audit records back for 7 years.

The costs of administering the new tax are high also, new tax forms new audit procedures and so on.

Interesting stuff to say the least.

The lowest impact method would simple as I've said before collect GRT to support the local communities where the producers operate, and raise the renewal fees for producers to help directly fund the DOH program.

As you'll see in another thread, the proposal was shelved by a wide margin with a patient and a producer both speaking out as to the impact. The big vote down (14-1) tells me that the reps heard from some voters and decided to let things ride for a while before they make another attempt at sticking their hands in the bag to put money into the general fund.

When there are dozens of producers and thousands of patients they can get away adding a small 1-2% surcharge, as it's possible prices won't remain at street levels forever. I somehow think they will stay at current levels for some time, unless the feds get rid of the 95 plant limit and producers can leverage their infrastructure into a high level and grade of production.

Sorry to say I can't see that happening for a while, so producers will spend big bucks for small yields which means prices stay where they are for a good long while.

Still like this better then the California model where some people get uber rich and patients still pay 10+ a gram.

Still a good time to write the senator.....register to vote and let him know where you stand. More funding for the mcp and other public health programs and no new excise tax on the MCP. Tax DUI instead!
patient4200 Reviewed by patient4200 on . NM Senator Proposes Medical Pot Tax Senator Proposes Medical Pot Tax By Dan Boyd Journal Capitol Bureau SANTA FE - Tobacco, alcohol, candy and soft drinks aren't the only products being eyed by New Mexico legislators as possible tax targets. Sen. John Sapien, D-Corrales, has introduced a pair of proposals to tax medical marijuana, arguing that cannabis should be treated like any other commercial product. "We need to get into a point of realism with medical marijuana as a mainstream item," Sapien said Rating: 5