Lawmakers say legal pot could help boost state revenues

Two state legislators who will try to convince fellow lawmakers and the governor to legalize, tax and regulate marijuana for adults in New Mexico said Wednesday that they will stress the economic benefits of their idea. Sen. Gerald Ortiz y Pino, D-Albuquerque, described marijuana legalization as the best solution for the state’s ongoing budget problems.

Rep. Bill McCamley, D-Mesilla Park, said New Mexicans are spending millions of dollars on illegal marijuana, money that “goes to Mexican drug cartels.” Legalizing marijuana would keep that money — as well as what New Mexicans spend on legal cannabis in Colorado — in this state, McCamley said. Plus, he said, marijuana would generate new tax revenue. The pro-marijuana forces have more going for them than in previous years.