The bill introduces a new provision to the Cannabis Regulation Act that allows county boards of commissioners in New Mexico to petition the Cannabis Control Division for a two-year moratorium on the issuance of new cannabis producer licenses. The petition can pertain to either commercial cannabis production or both commercial and medical cannabis production. Upon approval of the petition, the county must publish a public notice and submit the petition to the division within ten days. The division is required to make a decision on the petition within ten days of receipt, and if approved, no new cannabis production licenses will be issued during the moratorium period.

Additionally, the bill allows counties the option to petition the division to lift the moratorium before the two-year period concludes if they determine it is no longer necessary. This provision aims to give local governments more control over cannabis production in their areas, addressing potential concerns about over-saturation in the market or other local issues related to cannabis production.