Just Days after New York's legalization of cannabis, New Mexico is set to follow suit and legalize adult use of the plant too.
New Mexico has passed the Cannabis Regulation Act and is awaiting the signature of Governor Michelle Lujan Grisham, which would make New Mexico the 17th state to have legalized the plant for recreational purposes among adults.
Cannabis enthusiasts are optimistic about Gov. Grisham's likelihood to sign the bill given her support for cannabis legalization in the past, and a recent tweet she made stating that her "signing pen is ready."
The legalization bill, known as HB2, was passed by the House in a 38–32 vote, and then by the Senate on a 22–15 vote, prompting Governor Grisham to say:
"This is a significant victory for New Mexico. Workers will benefit from the opportunity to build careers in this new economy. Entrepreneurs will benefit from the opportunity to create lucrative new enterprises. The state and local governments will benefit from the additional revenue. Consumers will benefit from the standardization and regulation that comes with a bona fide industry."
Passage of the bill throughout the Senate and House came just a day after the legalization of cannabis in New York, resulting in huge progress for the cannabis industry over just a few days.
New Mexico is expected to sell recreational cannabis in stores within 12-24 months.
Once New Mexico's Governor signs the bill into effect, two of our three predicted U.S. states to legalize cannabis in 2021 will have done so in just the first four months of the year.
Our final predicted state to legalize cannabis was Connecticut, which recently advanced a legalization bill in the Judiciary Committee. However, the bill was narrowly passed, receiving opposition from Republicans and several Democrats. Whether the bill will be approved remains uncertain.
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