New Mexico Medical Cannabis Business & Marijuana Legal News

New Mexico to Reveal Names of MMJ Businesses, Employees

John Schroyer  | July 20, 2015

New Mexico’s medical marijuana dispensaries and their employees are about to feel the full weight of government transparency.

Gov. Susana Martinez has approved a policy change that will make the names of the state’s MMJ producers/dispensaries and their workers public information, according to the Albuquerque Journal. The move reverses a confidentiality clause in …

Seed-to-Sale Tracking Trend Continues With New Mexico

John Schroyer  | April 24, 2015

An increasing number of states are requiring cannabis companies to track every plant from seed to sale in a bid to increase oversight on the industry, which subsequently bolsters the market for businesses that make inventory software.

The latest state to go in this direction: New Mexico.

This week, officials awarded a state contract to …

Marijuana Testing Lab Seeks $5 Million for International Expansion

John Schroyer  | April 22, 2015

One of the first commercial cannabis testing labs in the United States is seeking $5 million in financing to enter two more states and eventually expand to Jamaica.

Steep Hill Labs Inc., which is headquartered in the San Francisco area, has raised $4 million in investments since it was founded in 2008, according to …

NM Marijuana Grower Loses Bid to Reopen Licensing Process

John Schroyer  | October 28, 2014

Mark Springer really wants to grow medical marijuana in New Mexico. So much so that he sued the state in January for the right to cultivate, arguing that the New Mexico secretary of health is obligated to ensure there’s enough supply to satisfy patient demand.

But a judge has tossed his case, saying …

Half of New Mexico MMJ Dispensaries to Lose Bank Accounts

John Schroyer  | October 1, 2014

Medical marijuana dispensaries in New Mexico that have gotten used to the convenience of having a bank account may be in for a rude awakening.

Several credit unions in New Mexico sent notices to roughly half of the state’s MMJ dispensaries, letting them know that their accounts would be closed because they’re “unable to comply …

From New Mexico to New Jersey: How to Survive in Highly Restrictive MMJ Markets

Fred Dreier  | July 21, 2014

By Marijuana Business Daily staff

The biggest challenge for medical marijuana dispensaries in many markets is keeping up with enormous demand and managing rapid growth.

But for entrepreneurs in states with highly restrictive rules – such as New Jersey, New Mexico and Washington DC – simply opening for business each day can be considered a

New Mexico Abandons Some Proposed Rule Changes

Fred Dreier  | July 18, 2014

New Mexico’s marijuana community has scored a minor regulatory victory.

The state’s health department is abandoning plans to run criminal background checks on patients who cultivate their own cannabis, according to the Albuquerque Journal. It’s also backing away from a plan to cut the number of plants patients are allowed to grow, and …

ASA Certifies 1st Cannabis Companies Under New Program

Fred Dreier  | June 12, 2014

Americans for Safe Access has begun certifying cannabis businesses as part of a new program that seeks to verify the quality and reliability of medical marijuana on the market.

Two dispensaries – New MexiCann Natural Medicine in New Mexico and Harvest of Tempe in Arizona – as well as the Phoenix-based lab AZ Med Testing …

Court: Insurance Company Must Cover MMJ

Fred Dreier  | May 22, 2014

A New Mexico appeals court has ruled that an automobile shop and its insurer must reimburse an employee for the costs of medical marijuana to treat pain resulting from an on-the-job injury.

The decision could set a legal precedent in New Mexico, clearing the way for other patients to get MMJ covered under …