Benefits of Getting a New Mexico Medical Card
Retail sales of cannabis began on April 1, 2022 with the opening of the first recreational adult use stores. A 12% excise tax applies in addition to regular sales taxes. The excise tax will increase 1% each year beginning in 2025 until reaching 18% in 2030.
Medical patients have lower taxes to pay. The excise tax of 12% on recreational cannabis sales does not apply to medical cannabis for qualified, registered patients.
Higher possession limits – 8 oz. for medical patients, compared to 2 oz. for recreational.