SANTA FE (KSMX) – In New Mexico Politics, the gov. signed a bill that reduces penalties for possession of small amounts of marijuana and drug paraphernalia. The now legislation, makes the possession of up to a half-ounce of marijuana a petty misdemeanor; the AP reports. The changes translate into a $50 fine on a first offense. Same penalties will also apply to possession of drug paraphernalia. The provisions will go info effect July 1st.