Foley Hoag: New Mexico Legalizes on the Heels of New York

Foley Hoag: New Mexico Legalizes on the Heels of New York
New Mexico Legalizes on the Heels of New York

New Mexico has recently followed the likes of ArizonaNew JerseyVirginia, and New York in becoming the 17th state to legalize adult use cannabis. Indeed, New Mexico became the second state in 24 hours to legalize adult use cannabis, following New York’s efforts the day before. Specifically, HB 2, passed the Senate and House by a vote of 22-15 and 38-32 respectively.

The fundamental provisions of the adult-use law passed by New Mexico include:

  • Adults 21 and over may purchase and possess up to: (1) two ounces of cannabis; (2) 16 grams of cannabis concentrates; and (3) 800 milligrams of infused edibles.
  • Home cultivation of up to six mature plants (twelve per household).
  • Adult use sales to commence by no later than April 1, 2022.
  • Licensing rules to be presented by January 1, 2022.
  • No hard caps on the number of licenses, but de facto soft caps predicated upon a determination by regulators as to market saturation.
  • Taxation including 8 percent sales tax and 12 percent excise tax, with the excise rate climbing by 1 percent per year until capping at 18 percent.
  • Reservation by existing medical operators of 10 percent of all products for patients in the event of a shortage.
  • Local control – municipalities may not prohibit cannabis uses, but may limit by zoning.

New Mexico’s medical cannabis patient population totaled 104,655 as of the end of 2020.

New

Cannabis Law Journal – Editorial Board Members

Editor – Sean Hocking

Author Bios

Canada
Matt Maurer – Minden Gross
Jeff Hergot – Wildboer Dellelce LLP

Costa Rica
Tim Morales – The Cannabis Industry Association Costa Rica

Nicaragua
Elvin Rodríguez Fabilena

USA

General
Julie Godard
Carl L Rowley -Thompson Coburn LLP

Arizona
Jerry Chesler – Chesler Consulting

California
Ian Stewart – Wilson Elser Moskowitz Edelman & Dicker LLP
Otis Felder – Wilson Elser Moskowitz Edelman & Dicker LLP
Lance Rogers – Greenspoon Marder – San Diego
Jessica McElfresh -McElfresh Law – San Diego
Tracy Gallegos – Partner – Fox Rothschild

Colorado
Adam Detsky – Knight Nicastro
Dave Rodman – Dave Rodman Law Group
Peter Fendel – CMR Real Estate Network
Nate Reed – CMR Real Estate Network

Florida
Matthew Ginder – Greenspoon Marder
David C. Kotler – Cohen Kotler

Illinois
William Bogot – Fox Rothschild

Massachusetts
Valerio Romano, Attorney – VGR Law Firm, PC

Nevada
Neal Gidvani – Snr Assoc: Greenspoon Marder
Phillip Silvestri – Snr Assoc: Greenspoon Marder

Tracy Gallegos – Associate Fox Rothschild

New Jersey

Matthew G. Miller – MG Miller Intellectual Property Law LLC
Daniel T. McKillop – Scarinci Hollenbeck, LLC

New York
Gregory J. Ryan, Esq. Tesser, Ryan & Rochman, LLP
Tim Nolen Tesser, Ryan & Rochman, LLP
Cadwalader, Wickersham & Taft LLP

Oregon
Paul Loney & Kristie Cromwell – Loney Law Group
William Stewart – Half Baked Labs

Pennsylvania
Andrew B. Sacks – Managing Partner Sacks Weston Diamond
William Roark – Principal Hamburg, Rubin, Mullin, Maxwell & Lupin
Joshua Horn – Partner Fox Rothschild

Washington DC
Teddy Eynon – Partner Fox Rothschild