A marijuana tax is now funding $750 no-strings-attached monthly payments to families in New Mexico

A marijuana tax is now funding $750 no-strings-attached monthly payments to families in New Mexico

Tax revenue from cannabis sales is funding a basic income project in Albuquerque, New Mexico.ULISES RUIZ/AFP via Getty ImagesAlbuquerque is now funding a basic income project with its tax on recreational cannabis.The program targets vulnerable communities, providing $750 monthly payments to families."This isn't just about allocating dollars. It's about delivering tangible benefits," a city councilor said.Tax revenue on the sale of recreational m…

Albuquerque Launches Basic Income Pilot Program Using Cannabis Funds

Albuquerque, New Mexico, this month launched a pilot program for guaranteed basic income funded partly by cannabis industry tax revenue, according to a Business Insider report. The program was implemented by the City of Albuquerque's Cannabis Equity & Community Reinvestment Fund, which the City Council voted to establish in 2023. Officials have allocated $4.02 million for the three-year program, with over $2 million coming from taxes on legal ca…

Marijuana tax now funding $750 no-strings-attached payments to families in New Mexico...

Marijuana tax now funding $750 no-strings-attached payments to families in New Mexico... (Third column, 15th story, link)