New Mexico Plant count increases ahead of New Mexico marijuana sales January 18, 2022 AggregatedNews New Mexico 0 Comments 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… Read More→
Who’s applying to be New Mexico’s first cannabis producers? November 9, 2021 AggregatedNews New Mexico 0 Comments 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… Read More→
Marijuana industry has only a couple banking options in New Mexico November 1, 2021 AggregatedNews New Mexico 0 Comments 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… Read More→
New Mexico state regulators hear from public on proposed cannabis courier, manufacturing, retail rules October 29, 2021 AggregatedNews New Mexico 0 Comments 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… Read More→
New Mexico explores public financing for cannabis businesses October 18, 2021 AggregatedNews New Mexico 0 Comments 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… Read More→
Last-minute cannabis license prompts calls for investigation in New Mexico September 13, 2021 AggregatedNews New Mexico 0 Comments 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… Read More→
Nearly 900 New Mexicans are applying to grow recreational cannabis August 31, 2021 AggregatedNews New Mexico 0 Comments ALBUQUERQUE, N.M. — Indy White is with Purlife, an Albuquerque-based medical marijuana dispensary now gearing up to serve the recreational market. “What we're trying to do is be able to grow on a larger scale to be able to serve… Read More→
Recreational cannabis is almost here: where should the stores put their money? August 9, 2021 AggregatedNews Banking, Finance & Real Estate, New Mexico 0 Comments ALBUQUERQUE, N.M. — As of July, cannabis is legal to grow, possess and use recreationally in New Mexico. However, the drug is still illegal at the federal level, which means that getting access to bank accounts, loans and other financial… Read More→
Does New Mexico have enough water for cannabis? July 22, 2021 AggregatedNews New Mexico 0 Comments Where some see desert, Cid and Medina Isbell see opportunity. Standing on a plot on their 30-acre property just north of Madrid, they envision a greenhouse full of cannabis plants where brush, sunflowers and cactuses now grow. They are among… Read More→
Recreational marijuana legal to possess, grow in New Mexico June 29, 2021 AggregatedNews New Mexico 0 Comments SANTA FE, N.M. — It’s legal for people in New Mexico to possess recreational marijuana and grow those plants at home as of Tuesday, the same day regulators opened discussions on rules for the launch of pot sales next year.… Read More→
State of New Mexico turns down request for higher marijuana plant counts May 7, 2021 AggregatedNews New Mexico 0 Comments The state of New Mexico on Wednesday turned down a request from multiple medical cannabis producers for an immediate increase in plant counts to avert what they predicted would be a shortage in supply after a new law legalizing use… Read More→
Legal weed in NM may be a buzzkill for Colorado dispensaries April 26, 2021 AggregatedNews Colorado, New Mexico 0 Comments Legal recreational cannabis has been an economic boon for Trinidad and many other small towns across Colorado’s southern border. But New Mexico’s recent legalization of recreational cannabis could force dispensaries in the region to adapt to shifting demand as operators… Read More→
New Mexico marijuana legalization poses a serious threat to Colorado’s lucrative border-town pot shops April 21, 2021 AggregatedNews Colorado, New Mexico 0 Comments When Colorado legalized the retail sale of marijuana in 2012, savvy entrepreneurs saw an opportunity beyond setting up shop in population centers like Denver and Boulder. They realized if they opened cannabis businesses in small towns along the state’s borders,… Read More→
New Mexico governor signs bill to legalize recreational pot April 12, 2021 AggregatedNews New Mexico 0 Comments SANTA FE, N.M. — New Mexico Gov. Michelle Lujan Grisham signed legislation Monday legalizing recreational marijuana use within months and kicking off sales next year, making it the seventh state since November to put an end to pot prohibition. The… Read More→
New Mexico bills legalizing recreational marijuana and erasing some criminal records head to governor’s desk April 1, 2021 AggregatedNews New Mexico 0 Comments Two related pieces of legislation -- one which legalizes recreational cannabis for adults 21 and older in New Mexico and the second which expunges arrest and conviction records for some cannabis offenses -- are heading to the governor's desk after… Read More→