New Mexico Gov. Michelle Lujan Grisham (D) has signed the pair of cannabis reform bills lawmakers sent to her desk last week. Together, the legislation legalizes adult-use cannabis and automatically expunges some cannabis-related criminal records for crimes that would no longer be illegal under the new law.
✅ SIGNED: Special Session HB 2, legalizing adult-use cannabis in New Mexico!
This legislation is a major, major step forward for our state. Legalized adult-use cannabis is going to change the way we think about New Mexico for the better – our workforce, our economy, our future. pic.twitter.com/rosl1AJm6t
— Michelle Lujan Grisham (@GovMLG) April 12, 2021
Under the new rules, adults in New Mexico aged 21 or older are allowed to possess up to two ounces of cannabis and 16 grams of extract from a licensed manufacturer and can grow up to six cannabis plants at home. Adult-use cannabis retailers are set to open by April 2022. Cannabis sales in the state will initially be taxed at 12% but that rate will eventually rise to 18%, and cannabis businesses will face gross receipt taxes of between 5% and 9%.
“New Mexico will greatly benefit from this new revenue stream and the creation of thousands of jobs. Most notably though, legalization will spare thousands of otherwise law-abiding residents from arrest and a criminal record, and the state’s new expungement law will help provide relief to many who are suffering from the stigma and other collateral consequences associated with a prior marijuana conviction.” — NORML State Policies Manager Carly Wolf, in a statement
New Mexico is the fourth state to legalize cannabis in 2021 — following New Jersey, New York, and Virginia — and the 18th U.S. state overall to legalize.
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