House Bill 346, introduced on March 1, 2025, by New Mexico Representatives Andrea Romero and Derrick J. Lente, aims to establish comprehensive regulations surrounding hemp and its finished products, particularly focusing on semi-synthetic and synthetic cannabinoids. The bill seeks to ban the receipt, possession, advertising, marketing, or sale of these cannabinoids within the state, addressing growing concerns about their safety and legality.

Key provisions of the bill include granting regulatory authority to the Environmental Improvement Board to create rules governing hemp extracts and finished products sold at retail. Additionally, the legislation prescribes penalties for violations, emphasizing the state's commitment to consumer safety and environmental standards.

The introduction of House Bill 346 has sparked notable debates among lawmakers and stakeholders. Proponents argue that the bill is essential for protecting public health and ensuring that hemp products meet safety standards. Critics, however, express concerns about the potential economic impact on businesses that currently sell semi-synthetic and synthetic cannabinoids, which have gained popularity in recent years.

The implications of this bill extend beyond regulatory measures. If passed, it could reshape the hemp market in New Mexico, potentially leading to job losses in sectors reliant on these products. Conversely, supporters believe that stricter regulations could enhance consumer confidence and promote a safer marketplace.

As the legislative session progresses, House Bill 346 will likely continue to be a focal point of discussion, with stakeholders closely monitoring its developments. The bill's future will depend on the balance between public health priorities and economic interests in the evolving landscape of hemp regulation.