Santa Fe New Mexican

◆ What to know about the legalizati­on of recreation­al cannabis.

- Robert Nott

Question: Who is eligible to purchase and possess cannabis — and how much can you buy?

Answer: Adults 21 and older can buy and possess up to 2 ounces of cannabis or 16 ounces of cannabis extract, or up to 800 milligrams of edible cannabis. Question: What’s the timeline for this program?

Answer: Licenses to sell cannabis are expected to be issued no later than April 1, 2022 — but it would become legal for adults to use cannabis in 90 days, or around July 1.

Question: Can I grow at home for personal use?

Answer: Yes — up to six plants for an individual or 12 plants for a household with two or more adults over 21. Question: Can I use in public? Answer: No. But plans are in place to create approved cannabis consumptio­n areas.

Question: Can anyone apply for a license to produce, sell or transfer cannabis?

Answer: Yes — assuming you are 21 years old and do not have a criminal record related to workplace offenses, such as fraud and embezzleme­nt. Other criminal background conviction­s may also play a role in eligibilit­y.

Question: How much will a license cost? Answer: That depends. Licenses will cost up to $2,500 per year for cannabis producers, manufactur­ers, retailers and those who want to run cannabis testing and research laboratori­es. If you want to pay for the works — a vertically integrated combo of all of the options — it would cost up to $7,500. Small businesses would pay $1,000 as an annual fee and $2,500 for a vertically aligned license. And a cannabis server’s license will cost $35. Plus there’s an “up to $50” fee per plant.

Question: What else do I need to operate a cannabis business?

Answer: Water. You must provide proof of legal rights to a commercial water supply.

Question: Will there be a cap on plant production?

Answer: Yes, until at least the end of 2025. That limit will be determined by Sept. 1.

Question: How will the new recreation­al cannabis laws work with the current Medical Cannabis Program? Answer: Current medical cannabis license holders can apply for a dual license to produce and sell recreation­al cannabis. They will get a 30-day head start on newcomers to the business. In addition, the law will ensure recreation­al cannabis retailers set aside at least 10 percent of their product for medical cannabis patients to offset concerns about supply shortages.

Question: Will this initiative make money for the state?

Answer: Yes. How much is another question. The bill’s sponsors say it will bring in about $50 million in new revenue in its first few years, but the bill’s fiscal impact report says that figure is closer to $30 million.

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