Marijuana Business Factbook 2019

Marijuana Business Factbook 2019 Chapter 2 | State-By-State: Legal Overview, Market Data and Outlook 128 © Copyright 2020, Marijuana Business Daily , a division of Anne Holland Ventures Inc. You may NOT copy this Factbook, or make public the data and facts contained herein, in part or in whole. For more copies or editorial permissions, contact CustomerService@MJBizDaily.com or call (720) 213-5992, ext. 1. REGULATORY OVERVIEW Main measure Senate Bill 523 Type of measure Legislative bill Year passed 2007 Margin of victory 36 to 31 in the House, 32 to 3 in the Senate Possession limit 8 ounces―or the equivalent in THC for infused products― every 90 days Patient registry Mandatory―patients must get a written recommendation from a health care professional licensed to prescribe drugs in the state Accepts patients registered with other states? No Restrictions on type of marijuana allowed to be sold? Generally no, though concentrates are restricted to a maximum THC content of 70% Home cultivation Yes Qualifying medical conditions ALS, Alzheimer’s, anorexia/cachexia, arthritis, autism spectrum disorder, cancer, cervical dystonia, Crohn’s disease, epilepsy, Friedrich’s ataxia, glaucoma, hepatitis C, HIV/ AIDS, hospice patients, Huntington’s disease, inclusion body myositis, Lewy body disease, multiple sclerosis, obstructive sleep apnea, opioid use disorder, painful neuropathy, Parkinson’s disease, PTSD, severe nausea, severe chronic pain, spinal cord damage with intractable spasticity, spinal muscular atrophy and ulcerative colitis Business regulations Heavy. The state limits the number of MMJ business licenses based on medical cannabis availability to the patient base, though there are no caps on the number of dispensaries each company may open. Businesses must go through a rigorous application and approval process and are subject to various rules and regulations, including strict plant limits, testing, security and record-keeping. NEW MEXICO Medical