capitol reports

2021 Capitol Update, February 25

Intro:

A bill legalizing the recreational use of cannabis in New Mexico is one step closer to House approval today.

Tom Trowbridge reports from the Roundhouse:

Runs 1:30                            Q: Std

((Script)):

The New Mexico House Taxation and Revenue Committee on Wednesday approved a substituted version of House Bill 12: The Cannabis Regulation Act. The bill legalizes and regulates the use, production and sale of cannabis and cannabis products.

Supporters say it implements a responsible, tightly-regulated system for individuals 21 and over to purchase the products. And they observe it’ll make the state some money… by imposing an eight-percent excise tax on all cannabis sales while allowing cities and counties the option to impose an additional four-percent in local taxes, too.

The bill’s chief sponsor, Albuquerque Democrat Javier Martinez—who has supported similar efforts for years now—told the Committee that most of the 15 states that have legalized cannabis have done so by voter referendum, not through a legislative process.

RepJvrMtz          :11

Republican Committee member Jason Harper of Rio Rancho voted against the bill:

RepHarper                   :10

The House floor is the next stop for the Cannabis Regulation Act.

For the New Mexico News Network, I’m Tom Trowbridge

-30-

More Posts

The New Mexico News Network is a service of the New Mexico Broadcasters Association. 

Latest News

Latest Releases