Proponents of legalizing marijuana have long pointed to a prospective windfall they say state and local governments could enjoy by taxing products that now circulate on the black market. But the sponsors of a bill to legalize marijuana in New Mexico have an unlikely goal. They don’t want to tax it too much. And there’s a reason why. “Our goal was to stay under 20 percent,” said Rep. Javier Martinez, a Democrat from Albuquerque who is co-sponsoring House Bill 356, known as the Cannabis Regulation Act.
Possession of small amounts of cannabis is no longer a criminal offense under Albuquerque city code. Albuquerque Mayor Tim Keller signed city council legislation Thursday making cannabis possession a civil infraction. City councilors approved the measure earlier this month on a 5-4 vote. In a statement, Keller said the new ordinance will allow city police officers to focus on combating other crimes. “We’re facing real challenges in Albuquerque and this is a step in the right direction to allow our officers the flexibility to better prioritize their time tackling violent crime and property crime in our city,” Keller said.
The City of Albuquerque is one step closer to reducing the penalties for the possession of small amounts of cannabis. City councilors voted 5-4 Monday night to replace the current ordinance that allows for possible jail time for cannabis possession with a $25 fine. Now it’s up to Mayor Tim Keller to make it official. Under current city law, possession of an ounce or less of cannabis could result in a $50 fine and up to 15 days in jail for a first offense and a possible $500 fine and up to 90 days in jail for repeat offenses.Councilor Cynthia Borrego was the only Democrat to vote against the proposal. She explained that there is “not really any empirical evidence” showing a correlation between decreased penalties and reduced crime rates.
In less than a week, Albuquerque voters will cast ballots for the next mayor and in some districts, city councilors. Most candidates have straightforward ideas on how to improve the city, but one candidate is keeping true to his campaign modus operandi by proposing an idea that other candidates won’t even consider. Gus Pedrotty, the youngest candidate for mayor this year, recently added city-level marijuana legalization to his platform. While the idea of legalization on a local level may be enticing for some voters, other candidates and at least one cannabis producer said the idea is too complicated to work. Earlier this month, Pedrotty released a campaign video promoting his ideas for improving the city’s clean energy industry and how to help pay for it.
A Canadian marijuana company will not acquire a New Mexico medical marijuana nonprofit after all. Nutritional High, the Toronto-based company focused on creating a high-level brand of cannabis-infused edibles, canceled its deal to buy 51 shares of Santa Fe-based Sacred Garden, one of 23 state-sanctioned medical cannabis producers. In a statement released Tuesday, Nutritional High said its decision was based on “various factors,” including “the due diligence process, larger opportunities in other states” and “a decision to maintain the Company’s stated focus on marijuana oils, extracts and edibles while limiting exposure to risks inherent in marijuana growing.”
“Given the small size of the New Mexico market in relation to the costs to acquire Zephyr, to build out its grow capabilities, and to build out our edibles facility using the quality control and dosing methods we have been, we have decided to focus our financial resources on other pipeline opportunities,” Nutritional High CEO David Posner said in the statement. The reversal comes after a high level of scrutiny from the state’s medical marijuana community over the planned acquisition. Tim Scott, president of New Mexico Medical Cannabis Patients Alliance, told New Mexico Political Report last month that he feared the deal could lead to consolidation and monopolization of the local industry.