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Albuquerque Launches Basic Income Initiative Funded by Marijuana Tax Revenue

Albuquerque, New Mexico, introduces basic income initiative funded by marijuana tax revenue to support families in high-need areas. This innovative approach showcases the broader social benefits of cannabis legalization beyond just economic gains.

This news matters as it highlights the innovative use of tax revenue from cannabis sales to support vulnerable families in need. It demonstrates the potential social benefits that come with legalizing marijuana, beyond just economic gains. The initiative could serve as a model for other jurisdictions looking to address social welfare issues through alternative funding sources.