State officials in New Mexico announced this week that sales of regulated cannabis topped $40 million in July, setting a new record since legal sales of recreational pot began in the state earlier this year. The Cannabis Control Division of the Regulation and Licensing Department noted the figure tops... Read more
A New Mexico cannabis company and a group of six medical marijuana patients have filed a class-action lawsuit that seeks insurance coverage for medicinal cannabis. The legal action was filed on Friday in Albuquerque state district court, with the plaintiffs arguing that medical cannabis should be covered because it... Read more
Some New Mexico cannabis producers may face higher than expected tax bill
New Mexico recreational-use cannabis companies, for the first time, are required to file their gross receipts and cannabis excise taxes in one week. It’s unclear exactly how much the state is set to collect, but cannabis regulators reported more than $20 million in recreational-use sales for the month of... Read more
Medical Marijuana Patients In New Mexico Are Struggling To Find Product — Here’s Why
Since New Mexico launched its adult-use marijuana market April 1, dispensaries have made a lot of money, bringing in about $8 million in revenue. And while this is great for the industry and the state, medical marijuana patients have been struggling to find the products to treat their conditions.... Read more
New Mexico just became the 18th state to legalize recreational pot use for adults, but that makes no difference to the U.S. Customs and Border Protection, which issued a warning this week for anyone passing through the Land of Enchantment: it is still illegal to us. “Border Patrol agents... Read more
Three days and millions of dollars later, the New Mexico adult-use cannabis industry is off to a roaring start. Local television station KOAT reports that, as of noon on Sunday, recreational pot sales in the state had eclipsed $3 million. The station, citing state officials, said that 49,552 transactions... Read more
New Mexico’s marijuana sales eclipse $4 million mark
Cannabis sales in New Mexico have been smoking hot, to say the least. Recreational cannabis sales have topped the $3 million mark, since legal sales began Friday. As of 12 pm Sunday, more than $4.5 million in total sales have been recorded statewide. $1.96 million was sold in recreational... Read more
New Mexico launches cannabis sales, within Texans’ reach
SANTA FE, N.M. (AP) — New Mexico is bringing sales of recreational marijuana to the doorstep of Texas, the largest prohibition state, as the movement toward broad legalization sweeps up even more of the American West. As of midnight Friday in New Mexico, anyone 21 and older can purchase... Read more
The New Mexico adult-use cannabis market is officially open for business. After the clock struck midnight on Friday, newly minted cannabis retailers opened their doors to customers eager to make an inaugural purchase.  According to the Las Cruces Sun News, “a few hundred people” lined up outside one store... Read more
Tribes Prepare for Cannabis Ventures in New Mexico
Two tribal communities have been reassured they’ll be able to take part in New Mexico’s marijuana market opening in April without the threat of federal law enforcement interference on tribal land, according to agreements with state cannabis regulators signed on Friday. The agreements outline plans for cooperative oversight of... Read more

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