New Mexico

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.”

Mon
26
Apr

The cannabis tourist's guide to legal US states

As more and more states decriminalize cannabis and legalize recreational use for adults, cannabis tourism is on the rise. Much as one might sample Seattle's famous coffee scene or check out the craft beer in hop capitals like Denver, Colorado and Bend, Oregon, visitors to legal states are dipping a toe into the local culture and sampling regional varietals of bud.

But knowing what the rules about purchasing and consuming cannabis are in different states can be a little tricky. Just in the past year, a slew of new states have sprung for legal cannabis legislation, including Virginia, New York, New Jersey, Arizona, Montana, South Dakota and New Mexico. 

Thu
15
Apr

Adult-use Cannabis Is Now Legal in New Mexico: Gov. Signs Legalization, Expungement Bills

On Monday, New Mexico became the latest state to legalize adult-use cannabis, after Gov. Michelle Lujan Grisham signed the Cannabis Regulation Act. Sales are expected to begin before April 2022.

Following a legalization wave led by New York and Virginia, this approval now puts more than 43 percent of Americans living in legal cannabis jurisdictions, according to The Marijuana Policy Project.

“The successful bill signing today of adult-use cannabis legislation in New Mexico would not have been possible without the leadership of Governor Lujan Grisham and the tireless support of the State Legislature,” said David Culver, vice president of global government relations at Canopy Growth.

Wed
14
Apr

New Mexico Just Officially Legalized Cannabis

It’s official: the leader of New Mexico just signed a cannabis bill into law, adding to the growing ranks of already legal U.S. states.

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