Marijuana Business Magazine March 2019

March 2019 | mjbizdaily.com 29 New Mexico Ultra Health, a vertically integrated medical marijuana operator in New Mexico, is suing the state Taxation and Revenue Department to obtain a refund of more than $1.5 million in gross-receipts taxes. According to the lawsuit, medical marijuana should be treated like prescription drugs, which are exempt from gross-receipts taxes. Santa Fe-based medical marijuana producer Sacred Garden has a similar suit pending in the state Court of Appeals, and state Sen. Jerry Ortiz plans to introduce a bill that would make MMJ exempt from gross-receipts taxes. New York Gov. Andrew Cuomo said he remains confident the Legislature can vote to legalize recreational cannabis as part of the state budget, which is due April 1. The optimistic comments came after Assembly Speaker Carl Heastie questioned whether lawmakers would have enough time to resolve thorny questions surrounding legalization while also working their way through a $175 billion budget. While both the Democratic governor and Heastie support legalization, there’s not yet agreement on the details, such as rules about how the product should be sold and regulated as well as tax rates. Wilson, NC info@worldtob.com 252 205 3021 happycuring.com CANNABIS Curing Barns Drying Curing Precision Control Remote Monitoring Operator Variable -Modify to your needs Portability Remote Site Avail - Run on generator Does not need propane or gas HEMP Drying Barns World Class Standard in quality curing Foam insulated wall and roof panels Natural gas, Propane or oil Automatic Controller Service Guarantee!