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Panel expected to weigh New Mexico marijuana bill

Added 02-12-20 10:03:01pm EST - “A New Mexico Senate committee led by a marijuana-legalization skeptic was scheduled to begin deliberations Wednesday evening on a bill that would authorize sales and taxation of recreational marijuana.” - Washingtontimes.com

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Posted By TheNewsCommenter: From Washingtontimes.com: “Panel expected to weigh New Mexico marijuana bill”. Below is an excerpt from the article.

SANTA FE, N.M. (AP) - A New Mexico Senate committee led by a marijuana-legalization skeptic was scheduled to begin deliberations Wednesday evening on a bill that would authorize sales and taxation of recreational marijuana.

The initiative is backed by Democratic Gov. Michelle Lujan Grisham amid efforts by her administration to attract new industries to a state and trim economic independence on oil production. The bill comes with new tax breaks and subsidies designed to benefit medical marijuana patients.

The bill from Sen. Gerald Ortiz y Pino of Albuquerque requires medical cannabis sales at every dispensary, while waiving some taxes on prescription pot and providing subsidies to low-income patients. Those provisions respond to instances in other states including Oregon where recreational marijuana has upended medical cannabis markets and programs.

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Under the proposal, every recreational marijuana dispensary would be required to also offer medical marijuana to patients who qualify under a long list of conditions such as cancer, post-traumatic stress and chronic pain.

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