CRON - 420 with CNW - New Mexico Uses Cannabis Tax to Fund Monthly Stipend for Vulnerable Families
2025-05-21 16:25:00 ET
Albuquerque, New Mexico, has launched a new basic income initiative aimed at helping families in areas with high needs. Starting this month, selected households will receive monthly payments with no strings attached. This effort is being partially funded by tax revenue generated from recreational marijuana sales.
Such programs show the far-reaching extra benefits that cannabis legalization brings to jurisdictions which license various marijuana companies like Cronos Group Inc. (NASDAQ: CRON) (TSX: CRON) to operate within…
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