Legalizing, taxing marijuana could create $100M in revenue, NM senator says

From KOAT-TV.com - We're foolish to keep trying to spend all this public money stopping it when we could be regulating it, making sure it wasn't abused, and also using it as a way of gaining revenue," Sen. Gerald Ortiz y Pino said. 

Pino is writing a memorial that would direct a committee to research the impacts of legalizing marijuana.

He said he wants to find out what its effects would be on revenue, crime and long-term consequences. If that research comes back positive, then he'll propose a constitutional amendment, which would allow voters to decide whether pot should be legal.

Other lawmakers said they already know how they would vote if it comes to that. "We're going too fast. We haven't implemented medical marijuana in our state, and to legalize it is too fast; too quick for me," Sen. John Ryan said. Read more
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