Gov. Michelle Lujan Grisham (D) signed the cannabis decriminalization bill, which decreases penalties for possession of up to half an ounce of marijuana to a $50 fine. Penalties for possession of drug paraphernalia are also reduced under the legislation.
Lawmakers sent the bill to Grisham’s desk last month.
A fiscal impact report prepared by legislative staffers says that the new law “could have a positive fiscal impact on the courts, prosecutors, and public defenders; workloads could be lessened by reducing the charges of possession of marijuana up to one-half ounce and use or possession of drug paraphernalia to penalty assessments.”