State legislators are at a stalemate regarding popular efforts to legalize marijuana in New Mexico with less than a week remaining to send a bill to the governor. A state Senate panel pulled cannabis discussions off its agenda minutes before a Sunday hearing. Legislators are searching for common ground among advocates for legalization who say the industry would help New Mexico’s economic recovery from the pandemic. Divergent views on marijuana taxation, licensing, and pardon procedures for past convictions are complicating efforts to bring a final bill to a crucial Senate vote. Negotiations over a legalization bill have faltered as some incumbent medical marijuana producers insist on price supports and a head-start in the licensing process to bring recreational-use cannabis to market.

Cannabis Business Executive – Cannabis and Marijuana industry news, 03/15/2021 09:20:00

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