summary
Introduced
02/10/2021
02/10/2021
In Committee
Crossed Over
Passed
Dead
03/20/2021
03/20/2021
Introduced Session
2021 Regular Session
Bill Summary
AN ACT RELATING TO CANNABIS; ENACTING THE CANNABIS REGULATION ACT; ENACTING THE CANNABIS TAX ACT; CREATING THE CANNABIS CONTROL DIVISION IN THE REGULATION AND LICENSING DEPARTMENT; PROVIDING DUTIES; CREATING THE CANNABIS REGULATORY ADVISORY COMMITTEE; CREATING THE PUBLIC HEALTH AND SAFETY ADVISORY COMMITTEE; REVISING LAW ENFORCEMENT REPORTING REQUIREMENTS; REVISING SECTIONS OF LAW RELATED TO CANNABIS; CREATING A PUBLIC EDUCATION CAMPAIGN; CREATING THE CANNABIS EXCISE TAX; CREATING THE COUNTY CANNABIS TAX; CREATING THE MUNICIPAL CANNABIS TAX; PROVIDING FOR DISTRIBUTIONS FROM CANNABIS EXCISE TAX REVENUE; AMENDING THE LYNN AND ERIN COMPASSIONATE USE ACT; PROVIDING AND REVISING PENALTIES; AMENDING, REPEALING AND ENACTING SECTIONS OF THE NMSA 1978; MAKING APPROPRIATIONS.
AI Summary
This bill enacts the Cannabis Regulation Act, which creates the Cannabis Control Division within the Regulation and Licensing Department to regulate commercial cannabis activity in New Mexico. The bill establishes licensing requirements and regulations for various cannabis-related businesses, including producers, manufacturers, retailers, and testing laboratories. It also defines personal use rights for adults 21 and older, imposes advertising and marketing restrictions, and provides employment and housing protections for those engaged in lawful cannabis activities. Additionally, the bill enacts the Cannabis Tax Act, which imposes excise, municipal, and county taxes on cannabis sales. The bill aims to promote social and economic equity in the cannabis industry and expunge certain past cannabis-related convictions.
Committee Categories
Budget and Finance
Sponsors (2)
Last Action
Senate Tax, Business and Transportation Committee (09:00 2/27/2021 Room zoom) (on 02/27/2021)
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://www.nmlegis.gov/lcs/legislation.aspx?chamber=S&legtype=B&legno=363&year=21 |
| BillText | https://www.nmlegis.gov/Sessions/21%20Regular/bills/senate/SB0363.pdf |
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