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New Mexico Recreational Pot Sales to Start by April 2022 (1)

April 12, 2021, 7:49 PM; Updated: April 12, 2021, 8:28 PM

New Mexico adults will be able to legally use and possess cannabis under a law New Mexico Gov. Michelle Lujan Grisham (D) signed Monday.

  • The measure (H.B. 2) will levy a 12% excise tax on cannabis to start. That rate will increase to 18% by 2030 and local governments will receive a share of the tax revenue.
  • A new state division will finalize rules for the program by Jan. 1, 2022. Retail sales will start by that April.
  • Those 21 and older will be allowed to possess up to two ounces of cannabis in public.
  • Lujan Grisham also...

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