New Mexico Medical Cannabis Business & Marijuana Legal News

Steep Hill wins IP court case with New Mexico, competing medical cannabis lab

In a triumph involving intellectual property rights, California-based Steep Hill Labs won an emergency protective order against the state of New Mexico and a competitor over the disclosure of trade secrets. Steep Hill filed suit in early April against the two entities after learning that Santa Fe-based Scepter Lab had obtained Steep Hill’s standard operating procedures from the state […]

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Medical marijuana states experience wide spectrum of wholesale prices, supply

The wholesale price and supply situation for various state medical marijuana markets is a mixed bag, with different regulations, patient counts and product availability generating diverse situations. In New Mexico, for example, medical marijuana business owners are experiencing increased demand and rising prices. Elsewhere, however, MMJ business owners are suffering the same fate as their […]

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New Mexico medical marijuana patient count swells amid supply squeeze

New Mexico’s medical cannabis patient count has topped the 50,000 mark, but limits on the number of plants a business can grow is putting a strain on supply and causing prices to rise. The state health department reported that 50,954 patients were enrolled at the end of March, an increase of nearly 46% from the […]

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Chart: New Mexico’s medical marijuana program breaking records despite bureaucratic inaction

New Mexico’s medical marijuana program continues to grow despite a lack of enthusiasm for medical cannabis among top state officials. From December 2016 to December 2017, nearly 18,000 new patients enrolled in New Mexico’s MMJ program – a 61% jump – marking the largest increase in patients over a single-year period since the program launched […]

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Grower could be first in New Mexico to lose medical marijuana license

The New Mexico health department is alleging that a medical marijuana grower submitted falsified audits and is taking steps to revoke the company’s license. Mother Earth Herbs denies it falsified audit reports and has requested a hearing to challenge the revocation, the Santa Fe New Mexican reported. If Mother Earth loses the challenge, it would be the […]

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19 attorneys general urge Congress to give cannabis states access to banking

A letter to 10 major Congressional leaders from 19 attorneys general asks Congress to push through legislation that would allow states with medical or recreational marijuana laws to bank as other business do. The group suggests that Congress give special attention to measures such as the Secure and Fair Enforcement Banking Act (SAFE). Congressman Ed Perlmutter, D-Colorado, introduced […]

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New Mexico hemp industry blocked again in court ruling

New Mexico’s hemp industry is on hold – again – after the state Supreme Court put the brakes on two bills setting up hemp production. The 3-2 decision doesn’t mean New Mexico’s hemp program is permanently blocked, according to the Santa Fe New Mexican. Instead, the justices ruled that two hemp bills vetoed last year […]

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New Mexico medical marijuana businesses see big spike in patient pool

New Mexico saw a 77% increase in registered medical marijuana patients in the past year, giving the state’s dispensaries a significantly larger pool from which to attract customers. New Mexico’s registered patients totaled 45,347 as of Nov. 30, a net gain of 19,650 over the previous year, according to the Las Cruces Sun-News. Here’s what you need […]

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Marijuana an alternative to opioids for pain patients, study shows

University of New Mexico researchers say the legal availability of medical marijuana has the potential to reduce opioid use among chronic pain patients. The work of associate psychology professor Jacob Miguel Vigil and assistant economics professor Sarah See Stith was recently published in the journal PLOS ONE. The results indicate a strong correlation between enrollment […]

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Public banks offer hope for marijuana businesses, but will they arrive in time?

By Omar Sacirbey With most private institutions and credit unions still avoiding the legal cannabis industry, many marijuana businesses remain without bank accounts. But one idea is gaining acceptance among MJ entrepreneurs and a growing number of cities and states: the formation of public banks to serve the cannabis industry.

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Citing federal concerns, New Mexico city denies marijuana ads

A medical marijuana dispensary in Albuquerque, New Mexico, had visions of advertising on the sides of buses, but local transit authorities rejected the ads, citing concerns about federal law and grant funding. According to the Santa Fe New Mexican, the Ultra Health dispensary was seeking to place ads on the vehicles featuring photos of people of various […]

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Israeli, Canadian firms partner to run four US marijuana facilities

An Israeli medical marijuana company is teaming up with a Canadian firm with the goal of opening four MMJ production facilities in the United States. Israel-based Panaxia and the Canadian Bioceutical Corp. have signed a contract in which CBC will finance the four projects while Panaxia will oversee construction and then manage the operations, Israeli […]

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