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Jury hears Trump and Cohen Discussing Hush-Money Deal on secret recording; Nature-based solutions help solve Mississippi River Delta problems; Public lands groups cheer the expansion of two CA national monuments; 'Art Against the Odds' shines a light on artists in the WI justice system.

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President Biden defends dissent but says "order must prevail" on campus, former President Trump won't commit to accepting the 2024 election results and Nebraska lawmakers circumvent a ballot measure repealing private school vouchers.

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Bidding begins soon for Wyoming's elk antlers, Southeastern states gained population in the past year, small rural energy projects are losing out to bigger proposals, and a rural arts cooperative is filling the gap for schools in Pennsylvania and West Virginia.

New Mexico Mulls Benefits of Legalizing Cannabis

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Monday, August 19, 2019   

SANTA FE, N.M. – Earlier this year, New Mexico authorized state agencies to regulate the hemp industry, and now it appears poised to tackle the growing interest in legalization of cannabis.

Economist and marijuana market consultant Kelly O'Donnell recently told a task force established by the governor that demand for cannabis products has far outpaced expectations in neighboring Colorado.

O'Donnell says New Mexico could find itself in a similar position if lawmakers legalize recreational marijuana.

"There's a good economic case to be made for doing this if you do it right,” she states. “There is potential for job creation and higher tax revenue."

O'Donnell estimates the annual revenue for state and local governments in New Mexico could hit $120 million in five years depending on the tax structure and regulatory policy.

A bipartisan bill to legalize recreational marijuana passed the New Mexico House this year, but stalled in the Senate before the legislative session ended.

O'Donnell maintains more adults in the state will use marijuana if it's legal and considered socially acceptable.

She says it also could increase the number of out-of-state visitors, especially from Mexico and Texas, which has not indicated it will legalize marijuana anytime soon.

"Would it increase tourism?” she raises. “Probably, but it's certainly not going to rival some of our larger economic sectors."

O'Donnell notes that in addition to a boost in tourism, legalized cannabis could add at least 10,000 new jobs to the state's agriculture and retail sectors.

Of the people who traveled to Colorado between 2013 and 2018, 25% listed cannabis as a reason for their visit, according to the state's tourism agency.


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