Bill > HB17

This bill, the Cannabis Regulation Act, establishes a new Cannabis Regulation Division within the Regulation and Licensing Department to regulate and administer commercial cannabis activity and the medical cannabis program in New Mexico. It creates a Cannabis Policy and Regulatory Advisory Committee to advise the division on rulemaking, and establishes a Cannabis Regulation Fund to fund the division and related state agencies. The bill also creates a Medical Cannabis Assistance Program and Low-Income Medical Patient Assistance Fund to provide aid to qualified patients. Additionally, the bill imposes a 20% cannabis sales tax, with 13% going to the state and 7% to local governments, and requires testing, packaging, and labeling standards for cannabis products. It also establishes penalties for certain cannabis-related offenses and exemptions from criminal and civil penalties for researchers and medical use. Overall, the bill legalizes and regulates the commercial cannabis industry in New Mexico while maintaining protections for the existing medical cannabis program.

Health and Social Services

https://www.nmlegis.gov/lcs/legislation.aspx?chamber=H&legtype=B&legno=17&year=21