New Mexico Marijuana Tax Funds $750 Monthly Payments to Families
Albuquerque, New Mexico, is using over $2 million in cannabis tax revenue to fund a $4.02 million basic income pilot program. This program provides 80 families in low-performing school districts with $750 monthly payments and financial counseling. The initiative aims to address wealth inequality and mitigate the harms of past cannabis criminalization, prioritizing marginalized communities. While proponents cite potential benefits like improved housing and mental health, critics view such programs as socialistic and potentially disincentivizing work. The city council emphasizes the need for measurable outcomes to evaluate the program’s effectiveness.
John Q. Hosedrinker