New Mexico limits medical cannabis growers to 1,750 plants
Marijuana Stocks, Finance, & InvestingUncategorized September 15, 2019 MJ Shareholders
Regulators in New Mexico will cap licensed medical marijuana cultivators to 1,750 mature cannabis plants starting next week, a 30% drop from the 2,500 plants allowed under an expiring emergency state rule.
Some cultivators such as Ultra Health, the largest MMJ operator in the state, said the plant limit will exacerbate a medical marijuana shortage and constrain market growth.
Others favor the limits.The new rules adopted by state Health Secretary Kathy Kunkel take effect Tuesday, the Albuquerque Journal reported.
The changes also include an increase to the annual licensing fee for producers and the elimination of a $50 fee for replacing lost patient identification cards.
Roughly 76,000 patients are enrolled in New Mexico’s MMJ program.
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