New Mexico governor signs legislation that could boost MMJ sales

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New Mexico Gov. Michelle Lujan Grisham signed legislation that makes some notable changes to the state’s medical marijuana law and could boost sales for MMJ businesses, including retailers and manufactures.

The state’s health department will have to draft regulations for some of the new rules, according to the New Mexico Political Report.

Key changes include:

  • Reciprocity: Allowing people with valid medical marijuana cards from other states to purchase products from New Mexico dispensaries.
  • Processing of homegrown MMJ: Licensed home growers could pay manufacturers to turn their plants into edibles, extracts or derivatives. This could provide a new revenue stream for manufacturers.
  • MMJ card renewals: MMJ cardholders currently have to renew their cards annually. The new law extends card validity to three years, making it less likely that patients will see a lapse in their eligibility to purchase MMJ.

Lujan Grisham also approved a bill decriminalizing adult-use cannabis.