Pot Farming Becoming a Big Business

Duke Rodriguez brought a three-week-old pot plant to the State Fair, touching off a silly kerfuffle that highlights the absurdity of our current marijuana laws.

Rodriguez is president and CEO of Ultra Health LLC, based in Scottsdale, Ariz. The plant he displayed to fairgoers is just one of 450 Ultra Health is permitted to grow on its 11-acre pot ranch in Bernalillo.

For publicly exhibiting a marijuana plant, the state demands Ultra Health suspend sales for five days, a penalty Rodriguez says will cost him $100,000.

There’s serious money in the legal marijuana trade, and a lot more still on the horizon.

There are now 31,000 patients in New Mexico’s Medical Cannabis Program, almost twice the number of last year’s enrollment and triple the number four years ago.

The 35 licensed providers reported revenues of $35.5 million in the first nine months of this year, up 66 percent over the...

e-mail icon Facebook icon Twitter icon LinkedIn icon Reddit icon
Rate this article: 

This marijuana news is brought to you by 420 Intel. For the latest breaking cannabis industry news, subscribe to the 420 Intel newsletter. If you'd like to promote your product or service in this area after every article, contact us.