New Mexico Medical Cannabis Business & Marijuana Legal News

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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Nevada high court: Medical MJ business licenses are private

The Nevada Supreme Court has ruled that the names of people who possess medical marijuana business licenses in the state are confidential and don’t have to be made available to the public. The court’s decision stems from a lawsuit filed by the Reno Gazette-Journal against the city of Sparks in 2015. The newspaper demanded that the municipality […]

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New Mexico MMJ tracking system shows discrepancies

Reports from New Mexico’s seed-to-sale tracking system show that five of the state’s medical cannabis businesses actually sold roughly 200,000 more grams of MMJ than they grew from January through March. A review of quarterly MMJ reporting documents by the New Mexico Political Report found the biggest discrepancy with Giving Tree Organics, which sold nearly 28 […]

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New Mexico dispensary stays open despite State Fair violation

A New Mexico judge has issued a ruling that prohibits the state health department from imposing a penalty against a medical marijuana dispensary for displaying a cannabis plant at last summer’s State Fair. The Santa Fe New Mexican reported that Judge David Thomson ruled that requiring New Mexico Top Organics-Ultra Health to close for five days was […]

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New Mexico may expand medical marijuana qualifying condition list

New Mexico’s Medical Cannabis Advisory Board voted for the second time since November to expand the state’s qualifying condition list for MMJ, but the health department chief is apparently obstructing such an expansion. The latest vote, last Friday, was to add another six conditions to the list, after the board voted last year to add […]

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Israeli medical cannabis company launches NM production

An international cannabis business partnership is coming to fruition between an Israeli medical marijuana firm and a New Mexico-based American MMJ company. The result is the opening of a product manufacturing facility in a suburb north of Albuquerque, The Jerusalem Post reported. Israel-based Panaxia Pharmaceutical Industries announced last May that it was teaming up with Ultra Health, […]

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