17th State Legalizes Cannabis

What’s happening? New Mexico has legalized cannabis for adults. It seems weird that the article mentioned for adults and that I decided to type it as well. Of course it is cannabis legalized for adults no state would legalize cannabis for toddlers. Retail sales will begin April 1, 2022. It is estimated to raise at least $20 million in tax revenue the first year, $380 million in sales, and create 11,000 jobs.

Why is this important? New Mexico is the 17th state to legalize. The numbers keep going up.

How will this be important? Every state has slightly different regulatory framework. Consider NM having added to the regulatory possibilities.

KCBD | New Mexico Governor, Legislature legalizes adult-use cannabis