Chapter 26, Article 2C NMSA 1978 may be cited as the "Cannabis Regulation Act".

History: Laws 2021 (1st S.S.), ch. 4, § 1; 2024, ch. 38, § 1.

ANNOTATIONS

The 2024 amendment, effective July 1, 2024, changed "Sections 1 through 42 of this act" to "Chapter 26, Article 2C NMSA 1978".

Temporary provisions. — Laws 2021 (1st S.S.), ch. 4, § 71 provided:

A. The legislative finance committee shall study the fiscal and economic impacts of the Cannabis Regulation Act for fiscal years 2023 through 2027 and provide a report to the revenue stabilization and tax policy committee on or before December 1, 2027.

B. The report shall include:

(1) the impacts on budgets and staffing of the regulation and licensing department and the department of health;

(2) the impacts on general fund revenue and expenses;

(3) the impacts on potential funds created by the Cannabis Regulation Act;

(4) the impacts on the medical cannabis program;

(5) the impacts on local and state law enforcement; and

(6) the economic impact on the state, including:

(a) job creation;

(b) tourism; and

(c) other economic impacts.