Michelle Lujan Grisham praised the bills , saying they would bolster the economy and help those who have been harmed by the "country's failed war on drugs." The Cannabis Regulation Act sets up licensing and regulation procedures for the production and sales of cannabis products and adds a tax for retailers. Retail sales of those products are set to begin no later than April 1, 2022, according to the bill. It also sets limits on how much cannabis, cannabis extract or edibles a person can buy or have outside their home at a time. The governor called the passage of the bill a "significant victory" for the state, adding "my signing pen is ready."

Source: CNN April 01, 2021 09:10 UTC