Marijuana Legalization Bill Filed in New Mexico

Legislation to legalize marijuana has been filed in New Mexico’s House of Representatives.

Marijuana LegalizationThe Cannabis Revenue and Freedom Act was filed by Representative Bill McCamley (D-LasCruces). It would allow those 21 and older to possess up to an ounce of cannabis, or up to two ounces at home. The possession of up to seven grams of cannabis concentrates (such as hash and oil) would also be allowed; as would the personal cultivation of up to six cannabis plants (up to 12 per household).

The proposal would establish a regulated system of cannabis retail outlets, supplied by licensed cultivation centers. Cannabis would be taxed at 15%; however, the measure leaves it open for cities and counties to enact an additional 5% tax.

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