New Mexico

Wed
21
Jul

Does New Mexico have enough water for cannabis?

Where some see desert, Cid and Medina Isbell see opportunity.

Standing on a plot on their 30-acre property just north of Madrid, they envision a greenhouse full of cannabis plants where brush, sunflowers and cactuses now grow.

They are among many hopeful entrepreneurs who see New Mexico’s upcoming legal market for cannabis production and sales — set to launch by April 1 — as a way to break into a new business with a potential windfall. The Isbells already have raised $200,000 toward their initial budget of $800,000, and they’ve hired a lawyer to help sort out legal issues.

Thu
15
Jul

New Mexico Eyes Higher Plant Limit For Marijuana Producers

A New Mexico regulatory agency hopes to avoid a possible shortage by raising the number of marijuana plants that licensed producers could produce.

The Cannabis Control Division of the state Regulation and Licensing Department last week raised the previously planned per-grower limit of 4,500 plants to 8,000, and producers also would be able to apply for incremental increases of 500 with a total cap of 10,000, the Santa Fe New Mexican reported.

Thu
08
Jul

Drug-Sniffing K9s Get Canned Following Legalization in New Mexico

Numerous police departments in New Mexico are the latest to lament the retirement of dogs that cannot make the distinction between cannabis—now legal in many states—and illegal drugs. The ramifications of using K9s to sniff out cannabis poses serious legal problems.

On June 29, the Tucumcari Police Department posted a long “eulogy” on Facebook announcing the retirement of Aries, the latest drug-sniffing dog to be retired—blaming the legalization of adult-use cannabis.

Fri
02
Jul

Seeing green? Economic impact of cannabis may be slow, modest

Though the arrival of legalized marijuana has been met with excitement and anticipation, economics and commercial real estate experts are tamping down expectations.

For one thing, they caution, it’s unrealistic to think marijuana shops will pop up on every street corner. The market, while potentially significant, just isn’t that big — and it won’t be a snap of the fingers to open a pot shop.

Though New Mexico has more than 117,000 residents registered in the state’s medical cannabis program with 12,628 living in Santa Fe County, recreational marijuana may be only a modest player in the state’s overall economic portfolio.

Wed
30
Jun

You Can Now Grow and Possess Weed in New Mexico

New Mexico’s adult residents can now legally possess, use and grow recreational cannabis starting Tuesday. As the law takes effect, each adult will be allowed to grow six plants or up to 12 in a household with more than one adult.

Under the Cannabis Regulation Act (CRA), legalization of personal use of cannabis comes months ahead of the complete formation of the legal industry that will eventually entail production and sales of recreational cannabis.

Purchasing and selling cannabis for adult use will not be legal until at least April 1, 2022.

Mind the gap

The gap between illicit sales and legal use is one of many unresolved issues in the state’s still-developing recreational cannabis industry.

Mon
28
Jun

What to know about legal use of recreational cannabis in New Mexico

Possession and use of recreational cannabis will become legal Tuesday in New Mexico for adults 21 and over. But a legal market for producing and selling cannabis and cannabis products is months away.

Here’s what consumers need to know about the portion of the law that takes effect Tuesday.

Question: Who is eligible to purchase and possess cannabis — and how much can you buy?

 

Answer: Adults 21 and older can buy and possess up to 2 ounces of cannabis or 16 ounces of cannabis extract, or up to 800 milligrams of edible cannabis, at one time. Residents can have a larger supply in their homes.

Question: When does it start?

Fri
07
May

What’s next now that New Mexico has legalized recreational marijuana?

Javier Martinez remembers the puzzled faces of a group of constituents as he pitched the legalization of marijuana over pizza dinner in Southeast New Mexico.

“The looks were like, ‘why the hell are you doing this?’” the Democratic state representative from Albuquerque recalled. It was a tough crowd including immigrants from Mexico, where the drug cartels kill thousands and profit billions from illicit marijuana exports.

His argument? If you make it legal on the U.S. side, if you regulate our growers and set clear rules for our retailers, the cartels will get stuck with their illegal crop on the Mexican side.

Thu
29
Apr

New Mexico marijuana legalization could hurt Colorado's cannabis industry

Earlier this month, New Mexico Gov. Michelle Lujan Grisham signed legislation to legalize recreational marijuana in the state.

While advocates say it's a huge win, it could mean big losses for dispensaries in Colorado.

 

Since 2014, when recreational marijuana went on sale in the Centennial State, business has boomed for Colorado dispensary owners with more than $10 billion in marijuana sales and billions more reaped in tax revenue.

It has also been an economic boost for those in the tourism industry. People from around the country come to Colorado every year to consume cannabis products.

Tue
27
Apr

Enrollment explodes in Northern New Mexico College's cannabis program

Mateo Frazier expected Northern New Mexico College’s Cannabis Establishment Technician Course to grow over time.

But not in a matter of months.

Frazier, director of the college’s Arts, Film and Media Department, said he knew people would be interested in the eight-week certification course that started in March because of what he called its “provocative nature.”

 

He was happy 45 people took part in the initial course, but what he and others at the Española school are seeing for the summer and beyond blew his mind.

Mon
26
Apr

New Mexico marijuana legalization poses a serious threat to Colorado’s lucrative border-town pot shops

When Colorado legalized the retail sale of marijuana in 2012, savvy entrepreneurs saw an opportunity beyond setting up shop in population centers like Denver and Boulder. 

They realized if they opened cannabis businesses in small towns along the state’s borders, they could attract customers from Kansas, Nebraska, New Mexico, Texas, Utah and Wyoming, where pot remained against the law but was still plenty popular. 

 

“The border model was a great model,” said Josh Bleem, who lives near Fort Collins but owns CannaCo in Trinidad, one of the first dispensaries people pass as they enter Colorado on Interstate 25 from New Mexico. “We took advantage of that.”

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