Article by TG Branfalt Jr., Ganjapreneur
A pair of New Mexico state senators plan on introducing legislation to legalize adult-use cannabis in the coming legislative session, which they say has the potential to help bridge the state’s growing budget gap, according to a KOB4 report.
State Rep. Bill McCamley, a Democrat, said that the state is facing a budget shortfall of $200 million and that the legal cannabis industry would be worth $60 to $70 million in tax revenues in the first year alone.
“We want to bring $60 million for funding education and economic development and save cops and courts and prisons $33 million a year from prosecuting cannabis crimes that they could use to go after real criminals,” he said in the report.
However, McCamley’s plan would require the support from his prohibitionist Republican colleagues and even if lawmakers were to pass adult-use legislation it would likely be vetoed by Republican Gov. Susana Martinez.
“Hopefully we can make the argument to the governor that it’s better to have money for criminal justice going to the people who are fighting rapists and murderers, rather than people who are using cannabis,” McCamely said.