Bill > SB278

This bill, the Cannabis Revenue and Freedom Act, establishes a comprehensive regulatory framework for the legalization and taxation of cannabis in New Mexico. Key provisions include: - Defining terms related to cannabis, industrial hemp, and medical cannabis - Allowing the possession, production, and transfer of cannabis for personal use by adults 21 and over, within specified limits - Creating a Cannabis Control Board to regulate the cannabis industry, including licensing of producers, processors, wholesalers, and retailers - Imposing an excise tax on cannabis sales at the state and local level, with proceeds distributed to education, behavioral health, economic development, and public safety programs - Revising the Lynn and Erin Compassionate Use Act to integrate the medical cannabis program - Providing employment and housing protections for lawful cannabis use - Allowing local governments to regulate certain aspects of cannabis businesses but not prohibit their operation entirely - Expunging certain past marijuana-related convictions and providing for resentencing - Enforcing age limits and other regulations on the cannabis industry

Justice, Transportation and Infrastructure

https://www.nmlegis.gov/Legislation/Legislation?chamber=S&legtype=B&legno=278&year=17