A marijuana tax is now funding $750 no-strings-attached monthly payments to families in New Mexico
Tax revenue on the sale of recreational marijuana has become a major source of income for states where it's legal. New Mexico is now redistributing that money to communities it says need it most.
Some families in Albuquerque, New Mexico, started receiving monthly no-strings-attached payments this month as part of a new basic income project funded in part by tax revenue from recreational cannabis sales.
The city first approved the $4.02 million basic income plan in March. City revenue from marijuana sales is contributing more than $2 million to that total, according to a city press release.
The program is providing the $750 monthly payments to 80 families in two districts where students struggle with low academic performance. The city will also offer financial counseling to the families.
Read more at: https://www.businessinsider.com/albuquerque-new-mexico-basic-income-marijuana-tax-2025-5
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