New Mexico Medical Marijuana News
More recreational cannabis cultivation production is coming online in New Mexico, and new retailers are establishing the connections they need to secure supply.
At the same time, some warn that production could soon outpace demand and the coming fall “Croptober” outdoor harvest could flood the market and depress prices.
New Mexico’s cannabis market is gathering steam, with sales figures for July the strongest since the adult-use program launched in April.
The decision of a leading cannabis regulator in New Mexico to take a private-sector job at a marijuana consultancy has prompted criticism from at least one state legislator.
At a little less than $38 million in June, adult-use cannabis sales in New Mexico are holding steady three months after the market launched.
A licensed medical cannabis company in New Mexico known for its lawsuits has filed another, this time in an attempt to force seven major insurance companies to reimburse about 74,000 patients in the state for their MMJ products.
Recreational and medical cannabis sales in New Mexico topped $38.5 million in May, according to the state’s marijuana regulator.
Bright Green Corp. on Tuesday became the first U.S plant-touching company to trade on a major exchange in the United States – in this case, the Nasdaq.
