New Mexico Marijuana Archives - Cannabis Business Executive - Cannabis and Marijuana industry news

Inside the Chinese-funded and staffed marijuana farms springing up across the U.S.

Last summer, New Mexico state special agents inspecting a farm found thousands more cannabis plants than state laws allow. Then on subsequent visits, they made another unexpected discovery: dozens of underfed, shell-shocked Chinese workers. The workers said they had been…

Marijuana Buyers From Texas Fuel a ‘Little Amsterdam’ in New Mexico

In a desert valley along the Rio Grande in New Mexico, the city of Sunland Park has generally offered few amenities for its roughly 17,000 residents. No large grocery store. Few shops. Little to offer those uninterested in the racetrack…

New Mexico revokes license of local marijuana retailer for selling cannabis from California

New Mexico has revoked the license of a marijuana retailer in Albuquerque for selling out-of-state cannabis in violation of state law, the state cannabis control division announced Thursday. Regulators allege that the Paradise Exotics Distro cannabis store on a central…

First-year sales of recreational marijuana reach $300 million in New Mexico

It’s been a year since cash registers first started ringing up sales of adult-use recreational marijuana in New Mexico. They haven’t stopped. Commercial sales of recreational cannabis topped more than $300 million in their first year, generating more than $27…

Takeaways from NM’s first 4 months of recreational cannabis

New Mexico’s newest industry has many around the state excited for its potential economic impact — from the funding it can provide for things like public education, to the tourism it can drive to the state and even the opportunity…

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…

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…

Marijuana

Tribes left behind by America’s marijuana laws

April 6, 2022
AggregatedNews
Native American reservations, Native American Tribal Lands
1 Comment

In a high mountain valley near Taos, N.M., the 300-person Picuris Pueblo tribe can farm whatever they want — except for one lucrative crop that is legal to grow everywhere else in the state: marijuana. The Picuris are a poor…

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…

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…

What’s ahead for recreational pot in New Mexico this week?

Marijuana aficionados and entrepreneurs across New Mexico are bracing for the April 1 start of state-regulated retail marijuana. New Mexico joins 17 other states that have legalized recreational marijuana without significant legal challenges. The start date for sales ushers in…

Supreme Court: Medical marijuana can’t be taxed in New Mexico

February 24, 2022
AggregatedNews
New Mexico
0 Comments

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…

Marijuana industry has only a couple banking options in New Mexico

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…

New Mexico state regulators hear from public on proposed cannabis courier, manufacturing, retail rules

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…

New Mexico explores public financing for cannabis businesses

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…

Page 1
Page 2
Page 3
Next