Bill > HB12

This bill establishes the Cannabis Regulation Act, which enacts various provisions related to the legalization and regulation of cannabis in New Mexico. The key provisions of the bill include: - Creating the Cannabis Control Division within the Regulation and Licensing Department to regulate and administer commercial cannabis activity and the medical cannabis program, with duties including issuing licenses, promulgating rules, and monitoring supply and demand. - Establishing a Cannabis Regulatory Advisory Committee and a Public Health and Safety Advisory Committee to advise on the development of rules and regulations. - Requiring the Department of Health to establish a Medical Cannabis Subsidy Program and a Low-Income Medical Patient Subsidy Fund. - Allowing adults 21 and over to legally possess and purchase up to 2 ounces of cannabis flowers or 16 grams of cannabis extract, and allowing homegrown cannabis for personal use. - Imposing penalties for unlawful possession, manufacturing, and sales of cannabis outside the regulated market. - Requiring law enforcement to report data on cannabis-related arrests and citations. - Providing employment, housing, and other protections for those engaged in legal cannabis activity. - Establishing a Cannabis Excise Tax, Municipal Cannabis Tax, and County Cannabis Tax, with revenue distributed to various funds. The bill aims to establish a comprehensive regulatory framework for the legalization and sale of cannabis in New Mexico, while also promoting public health and safety, economic and social equity, and access to medical cannabis.

Budget and Finance, Health and Social Services, Justice

https://www.nmlegis.gov/lcs/legislation.aspx?chamber=H&legtype=B&legno=12&year=21