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New Mexico grew to become the 18th state to legalize cannabis for adults 21 and over after Gov. Michelle Lujan Grisham (D) signed the Hashish Regulation Act (HB 2) into legislation on Monday. New Mexico is now the fifth state to undertake a legalization coverage by passing a invoice by way of its state legislature, becoming a member of Illinois, Vermont, New York, and Virginia. 13 further states have legalized by voter initiative.
In keeping with Marijuana Coverage Mission, HB 2 legalizes private possession of as much as two ounces of cannabis and residential cultivation of six mature crops for adults 21 and over. Moreover, HB 2 contains measures to encourage those that have been disproportionately impacted by prohibition to enter the new business. A companion invoice — SB 2 — will present for computerized expungement. Authorized gross sales will start no later than April 1, 2022. A abstract of HB 2 is offered right here.
“We commend New Mexico lawmakers and advocates for ending cannabis prohibition. This transfer will finish the injustice of criminalizing New Mexicans for a substance that’s safer than alcohol. States throughout the nation are rolling again prohibition and discovering that legalizing and regulating cannabis works. This victory in New Mexico, together with the latest legalization victories in New York and Virginia, will assist tip the size in the direction of federal cannabis reform,” stated Steve Hawkins, government director on the Marijuana Coverage Mission.
New Mexico Market
UltraHealth, the state’s largest MMJ operator stated in a press release, “Mixed affected person gross sales from the 34 licensed producers in New Mexico’s Medical Hashish Program totaled $203 million in 2020, a rise of $74 million or 57% over reported affected person gross sales in 2019. Extremely Well being, New Mexico’s #1 Hashish Firm, led all operators with almost $40 million in affected person gross sales, 71% better than its nearest competitor.”
Altogether, New Mexico’s prime 5 suppliers accounted for 55% of reported affected person gross sales in 2020, a rise from 49% the earlier yr. The highest 10 out of 34 whole suppliers accounted for 74% of whole affected person gross sales in 2020.
| 2020 Income | 2019 Income | $ Enhance | % Enhance | ||||
| 1. Extremely Well being | $39,522,044 | $19,750,988 | $19,771,056 | 100% | |||
| 2. PurLife | $23,120,494 | $15,944,288 | $7,176,206 | 45% | |||
| 3. R. Greenleaf | $20,978,619 | $11,888,647 | $9,089,972 | 77% | |||
| 4. Pecos Valley | $16,075,150 | $7,338,780 | $8,736,370 | 119% | |||
| 5. Verdes | $11,403,356 | $8,394,441 | $3,008,915 | 36% | |||
| Complete Trade | $203,471,624 | $129,258,236 | $74,213,388 | 57% | |||
“In lower than a month, the variety of states which have legalized cannabis by way of the legislative course of has greater than doubled — from two to 5. Whereas we’re inspired by this progress, we urgently name on the opposite 32 state legislatures to hearken to their constituents and legalize cannabis. With supermajority assist for legalization, it’s outrageous that greater than 1,000 People are arrested for cannabis each day,” stated Matt Simon, senior legislative analyst on the Marijuana Coverage Mission.
NORML State Insurance policies Supervisor Carly Wolf stated: “This can be a day to rejoice! New Mexico will drastically profit from this new income stream and the creation of 1000’s of jobs. Most notably although, legalization will spare 1000’s of in any other case law-abiding residents from arrest and a prison report, and the state’s new expungement legislation will assist present aid to many who’re affected by the stigma and different collateral penalties related to a previous marijuana conviction.”
NORML Government Director Erik Altieri added: “New Mexico joins an ever-growing listing of states which have realized the failures of marijuana prohibition and the harms it brings to their communities and residents. The American individuals are demanding an finish to prohibitionist insurance policies which have wreaked havoc on communities of colour, squandered numerous hundreds of thousands in taxpayer {dollars}, and wasted restricted judicial and legislation enforcement assets on criminalizing in any other case law-abiding people for possession of a product that’s objectively much less dangerous than alcohol or tobacco.”
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