City of Albuquerque - File #: O-23-87

• File #: O-23-87
• Type: Ordinance
• Status: Enacted
• File created: 10/16/2023
• In control: City Council
• Final action: 11/8/2023
• Enactment date: 11/22/2023
• Enactment #: O-2023-027
• Title: Directing The Tax Revenue Generated By Legal Recreational Marijuana Sales To A Permanent Marijuana Equity And Community Reinvestment Fund For The Benefit, Health, Safety, Welfare, And Quality Of Life For Those Who Have Been Negatively Impacted By The Criminalization Of Marijuana (Pe?a)
• Sponsors: Klarissa J. Peña

Date	Action By	Action	Result
11/22/2023	City Clerk	Published
11/21/2023	Mayor	Signed by the Mayor
11/15/2023	City Council	Sent to Mayor for Signature
11/8/2023	City Council	Passed as Amended	Pass
11/8/2023	City Council	Amended	Pass
11/8/2023	City Council	Amended	Pass
10/16/2023	City Council	Introduced
10/16/2023	President	To be heard at the Council Meeting

CITY of ALBUQUERQUE
TWENTY FIFTH COUNCIL


COUNCIL BILL NO. O-23-87 ENACTMENT NO. ________________________

SPONSORED BY: Klarissa Pe?a


ORDINANCE
title
Directing The Tax Revenue Generated By Legal Recreational Marijuana Sales To A Permanent Marijuana Equity And Community Reinvestment Fund For The Benefit, Health, Safety, Welfare, And Quality Of Life For Those Who Have Been Negatively Impacted By The Criminalization Of Marijuana (Pe?a)
body
DIRECTING THE TAX REVENUE GENERATED BY LEGAL RECREATIONAL MARIJUANA SALES TO A PERMANENT MARIJUANA EQUITY AND COMMUNITY REINVESTMENT FUND FOR THE BENEFIT, HEALTH, SAFETY, WELFARE, AND QUALITY OF LIFE FOR THOSE WHO HAVE BEEN NEGATIVELY IMPACTED BY THE CRIMINALIZATION OF MARIJUANA.
WHEREAS, the communities that have been most harmed by marijuana prohibition are benefiting the least from the legal marijuana marketplace; and
WHEREAS, the Cannabis Regulation Act (CRA) legalized sales of adult-use marijuana in New Mexico during a special session in March 2021 legalizing marijuana for adult recreational use; and
WHEREAS, legal marijuana tax revenue to the City of Albuquerque has averaged $2.8 million per year; and
WHEREAS, individuals with marijuana and other convictions types are burdened with collateral consequences that make seeking employment, receiving public benefits, obtaining occupational licenses, and pursuing higher education more difficult, thus limiting their opportunities for financial stability; and
WHEREAS, tax revenue generated from the adult-use sales of marijuana could be used to reinvest in communities most harmed by marijuana prohibition; and
WHEREAS, the City of Albuquerque Cannabis Equity Working Group, formed in August 2021, met monthly to discuss what is needed to ensure equity and public benefit of adult use of marijuana within the City of Albuquerque; and
WHEREAS, the Working Group was tasked with making recommendations on programs, requirements and/or ince...