By Daniel Mello
On April 12, 2021, New Mexico Governor Michelle Lujan Grisham, signed House Bill 2, the Cannabis Regulation Act (the “Act”), which legalizes recreational cannabis in the state.
In addition to legalizing recreational cannabis, the Act sets out to expunge the marijuana-related criminal records of individuals previously convicted of marijuana possession offenses. Under the law, people over 21 will be permitted to possess up to two ounces of cannabis, and grow up to six plants in their homes, with a maximum of 12 per household. Sales are targeted to begin on or about April 1, 2022. Sales will be taxed at 12%, eventually rising to 18%, plus gross receipts taxes.
To read more: