Bill > HB89

This bill establishes the Cannabis Revenue and Freedom Act, which: Eliminates problems caused by marijuana prohibition, prioritizes law enforcement resources, creates a regulatory framework for legal marijuana production and sale to adults 21 and older, and provides for licensing and permitting of industrial hemp and agricultural hemp seed production. The bill defines key terms, sets limits on personal possession and cultivation, creates a cannabis control board with oversight over medical and adult-use cannabis, and requires licenses for marijuana production, processing, wholesale, and retail. It also prohibits importing or exporting marijuana, using marijuana as a prize, and providing marijuana to intoxicated or underage individuals. The bill provides employment and housing protections for those complying with the law, restricts public consumption, and creates new funds for substance abuse prevention, public safety, and economic development. It also enacts the Cannabis Tax Act, which imposes state and local excise taxes on retail marijuana sales.

Business and Industry

https://www.nmlegis.gov/Legislation/Legislation?chamber=H&legtype=B&legno=89&year=17