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New Hampshire Becomes The 22nd State To Decriminalize Cannabis Possession

Jul 20, 2017 • 4:02 PM EDT
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1 MIN READ  •  By Michael Berger
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We are pleased to announce that cannabis possession has been decriminalized in the great state of New Hampshire. Earlier this week, Governor John Sununu signed legislation that makes the possession of cannabis no longer a criminal offense.

The law includes language that makes up to three quarters of an ounce punishable by a fine. In a perfect world, consumers would be able to carry cannabis just like any other substance, but this is progress.

According to the legislation, a first-time offender will face a civil violation and receive up to a $100 fine. The legislation also creates a state commission to focus on implementing a regulated recreational cannabis market in New Hampshire.

Many states are broke and they are trying to find new revenue streams and cut costs where possible. A lot of states are trying to save money by lowering the incarceration rate. This can be effectively done by decriminalizing cannabis.

Once states move from trying to cut cost to trying to create new revenue streams, we will see more states fully legalize cannabis. States are working to effectively manage their resources and cannabis can be a significant help.

22 states have passed legislation that decriminalized the possession of cannabis and this is a trend that we expect to pick up over the next year.


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Authored By

Michael Berger

Michael Berger is Managing Partner of StoneBridge Partners, LLC and Founder of Prior to entering the cannabis industry, Michael was an Equity Research Analyst at Raymond James Financial covering the Energy Sector. Michael has been featured in publications such as The Street, Bloomberg, US Money News, and hosts various cannabis events across North America.


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