New Mexico Medical Cannabis Business & Marijuana Legal News

New Mexico governor signs legislation that could boost MMJ sales

New Mexico Gov. Michelle Lujan Grisham signed legislation that makes some notable changes to the state’s medical marijuana law and could boost sales for MMJ businesses, including retailers and manufactures. The state’s health department will have to draft regulations for some of the new rules, according to the New Mexico Political Report. Key changes include: Reciprocity: […]

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Vireo enters New Mexico medical marijuana market

Vireo Health, a Minneapolis-based cannabis group that started trading this month on the Canadian Securities Exchange (VREO), said it is expanding into the New Mexico medical marijuana market with the acquisition of Red Barn. Red Barn operates a growing and processing facility in Gallup, New Mexico, as well as two dispensaries in the state. For more […]

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New Mexico adult-use cannabis bill fails; gov wants to revive in 2020

New Mexico Gov. Michelle Lujan Grisham is looking to put recreational marijuana legalization back on the agenda for the next legislative session after a bipartisan bill stalled without a Senate vote as the session ended Saturday. The governor said that next year’s limited 30-day legislative session will include marijuana reform proposals. The first-term Democrat complimented […]

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New Mexico adult-use marijuana bill might face long odds in final stretch

Legislation that would legalize recreational cannabis in New Mexico but under a mostly government-run retail structure faces an uphill climb. Although the House passed the measure, a key New Mexico Senate chair told the Santa Fe Reporter it’s unlikely the bill will be considered in his committee before the legislative session ends Saturday. For more details […]

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New Mexico relaxes medical cannabis plant limits, so prices should ease

New Mexico regulators enacted an emergency rule that more than quintuples the medical marijuana plant count limit to 2,500 per grower, a development that should lower MMJ prices and increase supplies and sales. The 180-day emergency rule was in response to a November court ruling in which a district judge struck down the state’s 450-plant limit […]

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Adult-use marijuana advances in New Mexico as House panel OKs legalization bill

Recreational cannabis legalization appears to be gathering steam in New Mexico under a Democratic-controlled Legislature and a new governor who supports recreational MJ if there are adequate safeguards. A house panel voted 7-3 to send a recreational marijuana measure to the full House, the first time that’s happened in the state’s history, according to the […]

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Chart: Despite product shortages, New Mexico medical marijuana program posts significant growth in 2018

(This story has been updated to clarify that the tabled bill would have allowed recommendations for cannabis, not prescriptions.) New Mexico’s medical marijuana program continues to grow at a blistering pace, even as supply shortages and high prices plagued the industry during 2018. The state added more than 19,000 patients in 2018 – a 41% […]

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Medical cannabis business sues New Mexico over $1.5M in tax payments

Ultra Health, a vertically integrated medical marijuana operator in New Mexico, is suing the state Taxation and Revenue Department to obtain a refund of more than $1.5 million in gross-receipts taxes the company says it shouldn’t be forced to pay because it provides medicine. According to Ultra Health’s suit, medical marijuana should be treated like […]

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