HB 12 would create a system of taxed cannabis sales, includes provisions to automatically expunge prior cannabis convictions and a provision creating cannabis compacts with tribal leaders. The proposal would require rules for the market to be implemented by January 2022 and would tax revenue from cannabis sales to support reinvestments in communities most impacted by the war on drugs. Existing therapeutic cannabis dispensaries would be allowed to launch adult-use sales starting in October.
Four legalization bills have been introduced in the New Mexico legislature so far this session but a fifth is expected to be filed soon.
Good work Virginia!
— Rep. Javier Martínez (@JavierForNM) February 7, 2021
New Mexico is on the cusp of legalization with one of the nation’s most equitable legalization plans, ensuring racial equity and protections for our medical cannabis program. ✊🏽 https://t.co/xjMCzsBByC
HB12 passes out of committee without production caps: Santa Fe New Mexican
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