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 division is required to halt the issuance of new licenses for the specified duration. The county must publish a public notice and submit the petition within ten days of its approval, and the division has ten days to respond with a decision.

Additionally, the bill allows counties the option to petition for an early termination of the moratorium if they determine it is no longer necessary. This legislative change aims to provide counties with greater control over cannabis production within their jurisdictions, ensuring that local governance can respond to community needs and concerns regarding cannabis licensing.