New Mexico Cannabis Bill Aims to Curtail Unregulated Market

January 17, 2024 · Ganjapreneur

As New Mexico marks the two-year anniversary of legalizing recreational cannabis, state lawmakers are actively revisiting the regulations governing its sale and use. Spearheaded by Senator Katy Duhigg (D-Albuquerque), the legislative body is set to introduce a comprehensive bill that aims to refine and enhance existing cannabis laws, according to a report from local news outlet KRQE.

A key focus of the bill is the burgeoning illegal cannabis market within New Mexico. Senator Duhigg highlighted the challenges posed by illegal cannabis, particularly with products entering from neighboring states. Duhigg estimates that illicit sales currently account for about one third of the New Mexico cannabis market: to combat this, the bill proposes a clear definition of illegal cannabis and escalates penalties for trafficking, with a special emphasis on repeat offenders.

The proposed legislation also seeks to empower the Cannabis Control Division (CCD) by granting it authority to seize illegal cannabis products found during investigations. This move is intended to prevent these products from filtering into the black market, thereby strengthening the legal cannabis industry.

According to the report, another significant change in the bill involves the easing of licensing restrictions. The initial laws prohibited holding both a cannabis and liquor license simultaneously. Duhigg’s bill revises this, allowing individuals to own licenses for both, though not permitting the serving of both substances at the same location. This change is intended to mitigate public safety risks while providing more flexibility for business owners.

The bill also introduces tighter controls on cannabis advertising and packaging. Aimed at reducing appeal to children, the new rules would ban cartoon imagery and require opaque packaging. While the former is a common regulation in state-legal markets, mandatory opaque packaging would be a more extreme restriction that could hinder consumers’ ability to choose which products to buy — likely benefiting brands that focus more on packaging and presentation than product quality.

Despite the limited duration of the 30-day legislative session, Senator Duhigg expressed optimism about the bill’s prospects. She emphasized the importance of these revisions for the numerous New Mexicans who rely on the cannabis industry for their livelihood. (Full Story)

In category:State Bills
Tags:
Next Post

Ohio Governor Demands Delta-8 Crackdown as Part of Cannabis Legislation

Ohio Gov. Mike DeWine called for state lawmakers to ban “intoxicating hemp” goods, including all delta-8 products, as part of their work on amending Issue 2, the ballot measure that legalized recreational marijuana last November. On Wednesday, DeWine said at a press…
Read
Previous Post

Oregon House Republicans Release Proposal To Recriminalize Drug Possession, Reversing Voter-Approved Measure 110

Oregon House Republican lawmakers on Thursday released details of a proposal that would end Measure 110 by mandating misdemeanor penalties for drug possession and treatment to avoid jail. House Republicans want to make possession of small amounts of fentanyl, heroin…
Read
Random Post

New Mexico Revokes Retail Permit for Dispensary Selling California Cannabis

New Mexico authorities revoked the business permit of Albuquerque cannabis dispensary Paradise Distro for selling marijuana shipped in from California, in violation of both state and federal law. Paradise Distro was found to be selling cannabis products with California-made markings,…
Read
Random Post

FDA Releases Draft Guidance for Psychedelic Drugs Research

The U.S. Food and Drug Administration (FDA) on Monday released its Draft Guidance for research of psychedelic drugs. The guidance covers psilocybin, LSD, and substances such as MDMA. The guidance mirrors the good practices required by other drug and therapeutic companies, including…
Read
Random Post

‘Spark in the Park’ festival brings cannabis, Method Man and Redman to Ypsilanti

Scents of cannabis and sounds of hip-hop will fill Ypsilanti’s Riverside Park this weekend with the arrival of the first Spark in the Park music festival. Staples of 90′s and 2000s hip-hop including Method Man and Redman and B-Real are…
Read
Random Post

Regulations Are Out of Step with Economic Reality

Despite all the hype and optimism that characterized the initiation of adult-use legalization, the past ten years of both business and tax revenues have fallen far short of investor and analyst projections. Today, companies of all sizes are struggling to…
Read