A new law in New Mexico would make it legal for adults to possess up to two ounces of marijuana. It also permits individuals to grow up to six plants, while a household is allowed 12 plants. Sales of marijuana would begin in April 2022, and taxes on the product would be 12 percent buy marijuana seeds california at first and increase to 18 percent after that. A marijuana industry would be established, regulated by the state and generate $20 million in revenue by 2023. Local governments would receive $10 million from the tax, which is expected to rise to 20% in the following decade.
The legislation would also help New Mexicans who have criminal records for marijuana convictions to expunge those records. It is also a step in the right direction as it will put an end to the long-term negative impacts of having a cannabis conviction on your record. The bill comes as New Mexico follows the lead of New York, which legalized marijuana for recreational use in 2017.
Under the legislation, adults will be able to cultivate up to six mature plants. It will be legal to grow up to 12 plants, including immature ones. Retail sales will start in April 2022, and the sales tax would initially be 12 percent. It will rise to 18 percent by 2030. Commercial marijuana sales will be subject to a 12% excise tax. However, medicinal marijuana will be exempt. In addition, a legal marijuana industry will be set up in the state.
Medical marijuana reforms will help patients obtain marijuana licenses and avoid a criminal record. Under the proposed new law, medical marijuana patients can obtain a medical license to use cannabis for medicinal purposes. A state-appointed superintendent will oversee the marijuana industry, issuing licenses to marijuana-related businesses. They would also have the authority to regulate marijuana production levels by major producers and limit market supplies and prices. Ten types of industry licenses would be issued to marijuana growers, including a microlicense that allows small producers to grow up to 200 plants and package the products.
Legislation passed by the New Mexico Legislature to legalize marijuana for adult use has reached a critical step in the process. Gov. Michelle Lujan Grisham has said she will sign the bill and expects to receive the signature of Gov. Michelle Lujan Grisham. The legislation would also allow for the legalization of marijuana in the state, erasing some past convictions and expunging criminal records. Legalization would also create jobs and a steady source of state income.
The House of Representatives has introduced separate bills to legalize marijuana for adult use in 2020. One of the bills was tabled, but the Senate advanced the other. The bills have little time for debate and weed news will still need voter approval. So, in New Mexico, the Governor has called for legalization. There’s no reason not to support marijuana legalization. So, what are the steps to legalization in the state?
Several states have already passed laws to reform marijuana laws. For example, Utah has passed legislation to reduce marijuana possession penalties to misdemeanors. Another state, Mississippi, has passed legislation to reduce the penalties for marijuana possession. In addition, North Dakota recently reduced the maximum penalty from a felony to a misdemeanor. In addition, HB 3322 in Delaware has reduced the penalties to misdemeanors and allowed probation before judgment for marijuana possession.