All of New Mexico’s pot fans are tucked in their beds, too excited to sleep, dreams of sugarplum joints and bongs waiting in the wings.
Cannabis technically became legal last June when the Cannabis Regulation Act officially went into effect, but stores haven’t been allowed to sell or gift the drug.
Adult-use buyers will be limited to purchasing up to two ounces, 16 grams of extract and 800mg of edibles in a single day.
It isn’t clear if any cannabis bars will be opening just yet, but the CRA does allow for them, so expect to finally live out the dream that potheads have been nursing for ages.
Cannabis consumption areas mark a turning point for legalization paradigms. While the drug is legal in many places, there continues to be a stigma around openly consuming it in public.
The taxes for cannabis sales are a little steep compared to other consumer goods, and they are scheduled to rise every year until 2030.
In December, a state judge ruled that medical cannabis purchase limits would remain in place after a patient filed a lawsuit to raise the limits to match those laid out for adult-use consumers.
Be prepared for shortages and what New Mexico Regulation and Licensing Department Superintendent Linda Trujillo called the “Krispy Kreme effect.” Whenever a Krispy Kreme opens up in a brand new market, so many people rush to try it out that they create an initial shortage.
Medical cannabis patients shouldn’t have to worry about these shortages, thankfully, as state regulations require adult-use cannabis sellers to withhold a portion of their supply specifically for medical cannabis sales.