Former Republican New Mexico Governor Gary Johnson announced on Wednesday that he is seeking the Libertarian Party’s presidential nomination in 2016.

According to KRQE News 13, Johnson made his announcement from the New Mexico state capitol in Santa Fe.

In 2012, Johnson launched an unsuccessful bid for the Republican presidential nomination before he went on to win the opportunity to be the Libertarian Party’s standard-bearer in the general election. Johnson obtained almost 1.3 million votes for president in the 2012 general election, the most ever by a Libertarian Party candidate.

[RELATED: Exclusive Post-GOP Debate Interview With Gary Johnson]

A fiscal conservative who won the governorship twice in what was a majority Democrat state, Johnson topped headlines in 1999 when he took a controversial and early stance in favor of marijuana legalization, making him the highest ranking U.S. politician to have done so by that time in modern history.

Reason notes that Johnson scheduled a Wednesday appearance on Cavuto: Coast to Coast to publicize his 2016 presidential announcement. A campaign website also went live on Wednesday.

Rumors began to fly about a potential Johnson campaign announcement after he stepped down as CEO of Cannabis Sativa, Inc. last week.

I am announcing my candidacy right now for the Libertarian nomination. I do believe that crony capitalism is alive and well. It’s Democrats and Republicans that contribute to that. I’d like to be that choice that is not going to succumb to that,” said Johnson on Cavuto: Coast to Coast according to Politico.

The Daily Caller pointed out that Johnson told Fox Business host Neil Cavuto, “I think the biggest problem facing this country is the $20 trillion debt that we will have when Obama leaves office. Government is too big, it’s unwieldy, it’s out of control, we need to get control.

He added, “On my deathbed, I’m hoping that I look back and believe that I was the voice of reason in all this, regardless of how many votes I end up garnering.

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