New Mexico Medical Marijuana News
New Mexico’s highest court declined to hear an appeal regarding whether medical marijuana producers are subject to the state’s gross receipts tax, meaning MMJ businesses in the state will be able to claim a significant tax break.
Innovative Industrial Properties (NYSE: IIPR), the largest REIT focused on the cannabis industry, on Feb. 1 announced a $300 million, six-year senior unsecured note offering at its IIP Operating Partnership level.
Verano Holdings signed a definitive agreement to acquire Goodness Growth Holdings for roughly $413 million, a move that will enable the cannabis multistate operator to expand into Minnesota, New York and New Mexico.
New Mexico marijuana companies are allowed to double the amount of marijuana plants they can grow after regulators approved a change to the law.
The arrival of 2022 ushered in major changes to state marijuana markets across the nation, ranging from the launch of adult-use cannabis sales in Montana to flower being sold for the first time by medical marijuana retailers in Louisiana.
New Mexico regulators approved three recreational cannabis producer licenses, the first batch under the state’s projected $350 million adult-use program.
New Mexico regulators have thrown open the gates for entrepreneurs to apply for every type of cannabis business license available in the state.
