If I am convicted of unlawful possession of marijuana in the Second or First Degrees, do I only have to worry about a fine?

If you are convicted of either unlawful possession of marijuana in the first degree or unlawful possession of marijuana in the second degree, you will not have a criminal record. However, as drug offenses, they can have serious repercussions because marijuana is still federally illegal. They could result in loss of federal loans, including student loans, as well as make you ineligible for various programs in the future.