Bill > HB356

This bill enacts the Cannabis Regulation Act, which: - Creates the Cannabis Control Division within the Regulation and Licensing Department to regulate commercial cannabis activity and the medical cannabis program. The division is required to promulgate rules on licensing, security, testing, and advertising, and is tasked with encouraging participation from communities disproportionately harmed by past cannabis prohibitions. - Requires the Department of Health to establish a medical cannabis subsidy program and a public health and safety advisory committee to monitor the health effects of cannabis legalization. - Requires law enforcement agencies to report data on cannabis-related arrests and citations. - Establishes licensing requirements and limitations, including grandfathering in existing medical cannabis businesses. - Allows personal cultivation and possession of up to 2 ounces of cannabis or 16 grams of extracts, with some restrictions. - Creates the Cannabis Regulation Fund, the Community Grants Reinvestment Fund, the Cannabis Health and Safety Fund, and the Cannabis Research Fund to support various programs. - Imposes an excise tax on cannabis sales, with revenues distributed to various funds, and allows municipalities and counties to impose additional local taxes. - Amends the Controlled Substances Act to remove cannabis-related provisions, and provides for destruction of arrest and conviction records for certain cannabis offenses.

Government Affairs, Health and Social Services

https://www.nmlegis.gov/lcs/legislation.aspx?chamber=H&legtype=B&legno=356&year=19