The legislation was approved in a 200-163 vote, according to New Hampshire Public radio.
House Bill 481 would tax cannabis cultivators at 5% and retailers at 9%. As originally introduced, the legislation would have imposed a tax of $30 an ounce at the cultivation level, NHPR noted.
The House Ways and Means Committee amended the tax language last month.
Marijuana companies usher in a new era of collaboration with mainstream players.