New Mexico

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Tue
13
Jun

New Mexico's Contentious 'Pot Powwow'

A cannabis company believes the pot industry could save tribal nations from poverty. But many argue it would only make a drug problem worse.

“You going to Gathering this year?”

Most Native people have heard this question. Short for the Gathering of Nations, the “Gathering” is the largest powwow in North America—one of few pan-Indian cultural fixtures shared by nearly every indigenous group on the continent. Thousands of people from hundreds of tribal nations show up in Albuquerque each year to experience it.

Wed
24
May

Santa Fe's Five Cannabis Dispensaries Serve a Growing Patient Base

New Mexico’s medical cannabis program is an ongoing experiment. Long-standing federal limits on research into the plant’s medical uses have forced patients, doctors and dispensary owners to improvise their ways to wellness; meanwhile state regulations keep a lid on unbounded growth the industry might otherwise see.

Number of medical cannabis card holders in Santa Fe County in 2015: 1,934 
2016: 3,151

Combined First quarter income for NM Dispensaries, 2017: 
$19 Million

Tue
16
May

Medical Marijuana a Booming Industry In New Mexico

New Mexico’s medical cannabis industry has grown into a powerful magnet for money and customers.

Customers, sales revenue and dispensaries have exploded the past year with a total of more than 40,000 people now signed up to purchase medical marijuana.

Since Jan. 1, some 8,000 New Mexicans obtained a state-issued license that allows them to legally buy pot, pushing patient enrollment to 40,432 in April. With the recent growth spurt, enrollment has increased by 84 percent since March 2016.

The number of dispensaries increased from 36 in January 2016 to 56 in April, with new dispensaries popping up in smaller cities, such as Roswell, Hobbs, Clovis, Carlsbad, Artesia and Taos.

And that has helped fuel an impressive sales growth over the past year.

Tue
07
Mar

Growing Weed in an Israeli-New Mexican Lab

“It is history in the making for an Israeli company to bring the tidings to the citizens of New Mexico.”

An Israeli and New Mexican company have joined forces to launch the first-ever pharmaceutical cannabis production lab in the United States.

The Lod-based Panaxia Pharmaceutical Industries Ltd. and the Albuquerque, New Mexico-based Ultra Health have opened a facility in Bernalillo, New Mexico, that will manufacture smokeless, accurately dosed cannabis medication in a variety of delivery methods, the companies announced this week in a joint statement.

Tue
21
Feb

Too High? How a New Mexico Cannabis Dispensary Is Dealing With Energy Use

One of New Mexico's top-grossing medical cannabis producers, The Verdes Foundation, implemented Wednesday a new system to help cut energy use at both of its locations.

Thu
16
Feb

New Mexico GOP calls out House Speaker for failing to disclose cannabis ties

The Republican Party of New Mexico criticized the Democratic leader of the state House of Representatives on Tuesday for not disclosing his work as an attorney for a licensed marijuana producer as the Legislature considers several cannabis-related bills.

State GOP spokesman Tucker Keene said House Speaker Brian Egolf of Santa Fe failed to mention on a state financial disclosure statement that he represented a marijuana producer in a lawsuit against the state.

Egolf says he complied with disclosure requirements by listing each state agency before which he has represented a client, and that he sees no conflict in acting on marijuana-related legislation that is not specific to his client.

Thu
16
Feb

Will insurers begin covering medical marijuana?

Medical marijuana has a long history of being denied coverage by insurance companies. Up to now most insurance companies refuse to cover cannabinoid treatments, typically citing federal regulations as the main reason to decline medical marijuana coverage. This is especially true in the United States where cannabis is a Schedule I controlled substance under the Controlled Substances Act with “no perceived medicinal value”.

In New Mexico, an employee hurt on the job was denied medical marijuana coverage under his worker’s compensation insurance and his suit to force the coverage failed. Beside the ruling in New Mexico, lower courts in Michigan, Maine, Massachusetts, and Connecticut have given similar verdicts to workplace insurers.

Thu
09
Feb

New Mexico may allow medical marijuana for all veterans

Extensive revisions to New Mexico's medical marijuana program that would automatically allow all military veterans to qualify as patients are advancing in the state Legislature.

The Senate Judiciary Committee endorsed the proposed legislation on Wednesday despite objections from members to the veterans' eligibility provisions. The bill's next stop is the full Senate.

Other proposed changes to a 2007 law legalizing medical cannabis would add treatable medical conditions including substance abuse disorder. State registry cards for approved patients would require renewal every three years instead of annually.

Senate bill sponsor Cisco McSorley of Albuquerque says the provision for veterans addresses the stigma associated with post-traumatic stress disorder.

Mon
06
Feb

Bill to Legalize, Tax, and Regulate Marijuana Passes New Mexico House Committee

A bill to legalize, tax, and safely regulate marijuana passed the House Consumer and Public Affairs Committee by a vote of 3 to 1. House Bill 89 would open New Mexico to the $35 billion marijuana industry and create a major new stream of revenue for our ailing economy. The revenue from this act would fund our public schools, substance abuse programs, public safety, and the public defenders office. The act would legalize the social use of marijuana for adults aged 21 or over.

Thu
26
Jan

New Mexico Legislature considers legalizing marijuana

Democratic state lawmakers say the time is ripe for New Mexico to legalize and tax marijuana sales for recreational use as the state grapples with a budget deficit and plunging revenues.

Democratic Sen. Gerald Ortiz y Pino of Albuquerque on Wednesday announced details of a forthcoming bill to legalize marijuana and tax sales by at least 15 percent to help shore up shaky state finances and reinvigorate the economy.

Local governments would choose whether to allow marijuana sales and could collect a 5 percent tax. Former district attorney and Republican New Mexico Gov. Susana Martinez has consistently opposed legalizing marijuana or industrial hemp production.

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