CannaBiz: What it takes to get into the cannabis industry
TRENTON – On any other day, the state’s fledgling cannabis industry would be celebrating. The New Jersey Cannabis Regulatory Commission on Thursday unanimously awarded the first 68 conditional licenses to adult use cannabis cultivators and manufacturers. The licenses, which include 50 cultivators and 18 manufacturers, were heralded by commissioners as... Read more
With the launch of recreational cannabis sales in New Mexico slated for April 1, state officials say that cultivators are currently growing more than one million cannabis plants. But with the opening of dispensaries now only days away, industry insiders are questioning the state’s figures and wondering if there... Read more
Supreme Court: Medical marijuana can’t be taxed in New Mexico
The New Mexico Supreme Court has let stand a lower court ruling that found cannabis purchases by medical marijuana patients should not be subject to gross receipts tax. The Supreme Court issued its order Wednesday, just days before parties in the case were scheduled to present arguments. The case... Read more
Schwazze Closes New Mexico Acquisition Achieves Regional Operator Status with Acquisition of: Reynold Greenleaf & Associates, R. Greenleaf Organics, Medzen Services, Elemental Kitchen & Laboratories DENVER, Feb. 8, 2022 /PRNewswire/ – Schwazze, (OTCQX: SHWZ) (“Schwazze” or the “Company”), one of the largest vertically integrated cannabis operators in Colorado, is pleased to announced that it has closed the transaction to acquire substantially all the... Read more
Verano to Enter Coveted New York, Minnesota and New Mexico Markets with Proposed Acquisition of Goodness Growth Holdings
Ryan Allway February 1st, 2022 Proposed acquisition expected to further national geographic expansion by adding New York and New Mexico markets ahead of both states’ transition to adult-use; securing one of two vertically-integrated licenses in Minnesota; and increasing operational footprint in Arizona and Maryland Upon consummation of the acquisition,... Read more
Less than three months before legal sales of recreational cannabis begin in New Mexico, state regulators have increased production limits placed on adult-use cannabis cultivators. Under emergency regulations that went into effect last week, most licensed cannabis producers will be permitted to grow twice as many plants as previously... Read more
New Mexico Plant count increases ahead of New Mexico marijuana sales
SANTA FE, N.M. (AP) — New Mexico regulators have doubled the number of marijuana plants that licensed growers can cultivate as the state prepares for recreational sales to start this spring, officials announced Tuesday. Increasing the plant count makes sense “to ensure that everyone can maximize the benefits of... Read more
The New Mexico Cannabis Control Division (CCD) announced on December 28 that it has finalized the rules for cannabis manufacturers, retailers and couriers. The final rules were published in Issue 24 of the New Mexico Register. Hundreds of applications for licenses are currently under review.  The rules are effective... Read more
Schwazze Announces Transformational Capital Raise, Entry Into New Mexico & Provides Business Update
Ryan Allway December 3rd, 2021 Transformational $95 Million Private Financing for M&A Initiatives & Further Expansion Plans Signs Definitive Agreement to Acquire & Manage New Mexico Assets: Reynold Greenleaf & Associates, R. Greenleaf Organics, Medzen Services, Elemental Kitchen & Laboratories Schwazze Transitions to a Regional Operator with New Mexico Acquisitions OTCQX: SHWZ DENVER, Dec.... Read more
Schwazze Announces Transformational Capital Raise, Entry Into New Mexico & Provides Business Update Transformational $95 Million Private Financing for M&A Initiatives & Further Expansion Plans Signs Definitive Agreement to Acquire & Manage New Mexico Assets: Reynold Greenleaf & Associates, R. Greenleaf Organics, Medzen Services, Elemental Kitchen & Laboratories Schwazze... Read more
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