New Mexico

Mon
02
Oct

Legal marijuana still raising controversy in New Mexico

A state-licensed medical dispensary, Ultra Health, is waiting to hear from the federal government after the wraparound bus ads it wanted to buy in Albuquerque were rejected.

The city says advertising an illegal drug is prohibited by federal law.

Medical marijuana use is legal in New Mexico, but the city's transportation department is worried that federal transit money will be withheld if the drug is advertised on city buses.

Now, a local city council member is asking the U.S. Justice Department for clarification.

Ultra Health CEO Duke Rodriguez says bus ads or not, medical marijuana sales are booming.

Fri
22
Sep

Marijuana prevents people from doing 'hard' drugs, claims study

Cannabis might still be illegal in the UK, but new research has found that the leafy substance might not be the vilified "gateway drug" it’s widely thought to be.

In fact, in might be the key to discouraging users from progressing to "harder" drugs, such as cocaine and ecstasy, claim scientists at the University of New Mexico.

The five-year-long study involved 125 participants, all of whom were suffering from chronic pain.

83 were taking cannabis as a prescriptive pain mediator, whereas 42 chose to abstain.

Mon
18
Sep

High 5 Edibles borrows ingredients from numerous industries to produce a different kind of edibles company

High 5 Edibles uses proprietary technology, unique recipes and all organic ingredients (excluding the cannabis) to produce a variety of offerings.

Seth Oxhandler is no stranger to high-flying excitement.

The former IBM engineer has completed more than 3,000 successful sky-diving jumps, but he’s also experienced a few hard landings along the way and acquired a medical marijuana authorization along the way to treat the various injuries suffered as a daredevil.

However, when he brought home some cannabis-infused chocolate bars to show his wife, Brianna, she was appalled — not by the cannabis, but from the quality of ingredients being used in the treats. So she insisted on infusing and baking the edibles herself.

Tue
29
Aug

iAnthus Capital provides Q2 corporate update

Canada has become a hotbed for marijuana investments and we do not expect this trend to end anytime soon.

Over the last two years, more than $1.5 billion has been investment in the Canadian marijuana industry and a lot of this capital has come from United States investors. While many investors have focused on companies levered to the Canadian marijuana market, some of the Canadian firms have been investing in the United States marijuana market.

iAnthus: Expands its Portfolio of U.S. Investments

Wed
16
Aug

New Mexico: Grow Limits Don't Hurt Medical Cannabis Program, Health Chief Testifies

State Health Secretary Lynn Gallagher, testifying Tuesday in a lawsuit against her and her agency, rejected the idea that limits placed on state-licensed marijuana growers ensure that New Mexico will never have an adequate supply for its increasing number of medical cannabis patients.

The lawsuit, one of many the department has faced since being tasked with administering the Medical Cannabis Program launched in 2010, claims that restricting producers to no more than 450 plants at a time is “arbitrary and capricious.”

Tue
18
Jul

Israeli Cannabis Company Brings Smokeless Meds to New Mexico

The Israeli company Panaxia already launched a production facility in Bernalillo, now it will offer smokeless proprietary cannabinoids in New Mexico.

An Israeli company responsible for the first-ever pharmaceutical cannabis production lab in the United States has now begun selling its smokeless, precisely dosed products in New Mexico.

Together with the Albuquerque-based distributor Ultra Health, the Lod-based Panaxia Pharmaceutical Industries Ltd. first launched its production facility in Bernalillo, New Mexico, in March. At the lab, Panaxia has been providing the smokeless proprietary cannabinoid dosage and treatment protocols, which are not readily available in the US, in order to produce a variety of medications for different illnesses. 

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.

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