New Mexico just hit $1.3 billion in cannabis sales, according to the state’s Regulation and Licensing Department (RLD). The total was reached after a lucrative August haul of more than $51,000,000. But that good news is being soured by reports of small cannabis businesses and even legacy operators permanently closing their doors because of market oversaturation and the unique … [Read more...] about Pot Shops Close Amid Oversaturation
New Mexico
Federal Officials Are Suddenly Seizing Marijuana From State-Licensed Businesses, Leaving Industry Perplexed
Federal officials have been seizing hundreds of thousands of dollars worth of marijuana from state-licensed cannabis businesses in New Mexico in recent weeks—detaining industry workers in what appears to be a localized escalation of national prohibition enforcement even as the federal government has largely refrained from interfering with the implementation of state … [Read more...] about Federal Officials Are Suddenly Seizing Marijuana From State-Licensed Businesses, Leaving Industry Perplexed
Legal Weed Sales in New Mexico Top $1 Billion
The office of New Mexico Gov. Michelle Lujan Grisham said Tuesday that cannabis consumers “have purchased more than $678.4 million worth of adult-use cannabis products and $331.6 million in medical products since April 1, 2022,” and that, to date, “the state has recorded more than 21 million transactions with $75 million in cannabis excise taxes going to the state general fund … [Read more...] about Legal Weed Sales in New Mexico Top $1 Billion
Winter Weed
In New Mexico, recreational marijuana has only become legal in the last two years. The recent surge in popularity and access with dispensaries popping up throughout the state is plainly evident here in Taos, too. Many stores line the main drive, taking over buildings and leasing spaces that were often previously left vacant. One such spot, Rocky Mountain Cannabis, is located … [Read more...] about Winter Weed
Chinese immigrant workers sue over forced labor at illegal marijuana operation on Navajo land
FILE - Dineh Benally poses for a photograph before a Navajo Nation presidential forum at a tribal casino outside Flagstaff, Ariz., Tuesday, June 21, 2022. Chinese workers allege they were lured to northern New Mexico under false pretenses and forced to work 14 hours a day trimming marijuana on the Navajo Nation where cultivating the plant is illegal, according to a lawsuit … [Read more...] about Chinese immigrant workers sue over forced labor at illegal marijuana operation on Navajo land
New Mexico yanks cannabis retailer’s license for selling California product
New Mexico regulators revoked an Albuquerque adult-use cannabis retailer’s license for unlawfully selling products produced in California. Regulators accused Paradise Exotics Distro of selling cannabis products clearly marked with a California stamp of origin. The store is the first in the state to lose its license, according to a news release from the New Mexico Regulation … [Read more...] about New Mexico yanks cannabis retailer’s license for selling California product
Cannabis check-in: pot shops outnumber liquor stores in Albuquerque
ALBUQUERQUE, N.M. (KRQE) – A year after marijuana became legal in New Mexico, Albuquerque now has more pot shops than liquor stores. Driving around the city, it feels like they are in every strip mall, and they just keep coming. “We were coming down to our very last, you know, of our financial security. And just in time we opened up and it’s, it’s been a blessing,” said Andre … [Read more...] about Cannabis check-in: pot shops outnumber liquor stores in Albuquerque
What recreational cannabis has done for New Mexico
The one-year anniversary of recreational cannabis has people feeling good. Officials say it's boosting the economy, and local dispensaries say expectations have been shattered. Both agree the ceiling for this industry in New Mexico has been raised. "New Mexico has been getting high for a year now, and it's been bringing in some great revenue. More than we anticipated,” said … [Read more...] about What recreational cannabis has done for New Mexico
New Mexico legislators consider creating cannabis police
SANTA FE, N.M. (KRQE) – New Mexico’s cannabis industry is booming, according to sales data. Since recreational sales began in 2021, retailers have sold hundreds of millions of dollars’ worth. But does the industry need more oversight? That’s one question legislators are considering. And House Bill 233 proposes a way to enforce cannabis rules. The bill, sponsored by … [Read more...] about New Mexico legislators consider creating cannabis police
SeedCrest Educates Parents About Pot
Cannabis workforce educators SeedCrest have taken on a new project to help educate parents about safety around cannabis edibles. We caught up with SeedCrest founder and CEO Shanon Jaramillo to talk about the exciting new program. The Paper: SeedCrest is working on a cannabis safety campaign. Can you tell us about it? Jaramillo: SeedCrest was commissioned by a local … [Read more...] about SeedCrest Educates Parents About Pot
