Efforts to implement the legalization of adult-use cannabis in New Mexico made new progress this month as regulators issued the first license to cultivate recreational marijuana in the state. Tony Martinez, the CEO of Mother’s Meds, announced in a statement last week that the New Mexico Regulation and Licensing... Read more
ALBUQUERQUE, N.M. (KRQE) – In just two months since the Cannabis Control Division (CCD) began accepting applications for producer licenses, there have already been more than 1,500 applications started by would-be entrepreneurs, according to the CCD. Of those, more than 1,000 of the applications are for what are called “microbusinesses,” or... Read more
Verdes Foundation, one of New Mexico’s largest medical cannabis companies, is set to open its first Santa Fe shop — a dispensary on downtown Shelby Street — at the end of November. It plans another new store in the city in 2022, when the state will launch legal sales... Read more
Regulators in New Mexico held a public hearing this week to discuss rules for the state’s forthcoming recreational cannabis market. The state’s Regulation and Licensing Department, as well as its Cannabis Control Division, fielded questions and comments from the public during last Thursday’s hearing over the rules that will... Read more
The New Mexico Regulation and Licensing Department and its Cannabis Control Division heard from the public on Thursday during a public rulemaking hearing regarding cannabis couriers, retail establishments and manufacturing facilities. The comments during the meeting varied from proposed regulations for packaging requirements, general business practices to cannabis deliveries... Read more
Small-scale marijuana businesses in New Mexico would receive access to publicly financed loans of up to $250,000 in an effort to promote social and economic fairness, under a proposal unveiled Thursday. The New Mexico Finance Authority suggested a $5 million line of credit to licensed cannabis microbusinesses, seeking preliminary... Read more
A lucrative cannabis producer license that was issued by the New Mexico Department of Health with little notice only days before the agency lost its regulatory authority is raising eyebrows. Some of the state’s marijuana industry insiders are calling for an investigation into the affair amid allegations of favoritism.... Read more
SANTA FE, N.M. (AP) — New Mexico health officials in late June briefly opened a window to submit applications for lucrative licenses for pot production and then approved the only application received, the Santa Fe New Mexican reports. The Health Department’s handling of the process that resulted in the... Read more
by Madeline Grant, NCIA’s Government Relations Manager As the deadline to submit feedback for the Cannabis Administration and Opportunity Act approached last week, our Government Relations team worked tirelessly to submit a detailed analysis and recommended improvements on behalf of the legal cannabis industry. The full comments and an... Read more
