New Mexico emergency hemp rules are effective August 1st
The move infuriated Lt. Gov. Dan Patrick
All hemp-derived THC products would be taxed at 15%
SB 478 sets advertising, age-limit, licensing, packaging, and other rules
The vote was 24 to 7
The restrictions would come with a host of bans and other regulatory changes
It would be legal for anyone 21 years or older to use cannabis products
The committee voted down the measure 5-7 on March 13
He wants the cannabis excise tax to go from $2.50 to $15 per ounce
Senate Bill 202 is what’s known as a “shell bill”