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New Mexico Proposes New Cap on Medical Cannabis Production

The prior 450-plant limit was struck down this year in response to a lawsuit by the state's largest seller.

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Associated Press

June 12, 2019

SANTA FE, N.M. (AP) — New Mexico proposed new pot production rules Tuesday intended to shore up supplies to its medical marijuana program without flooding the rapidly expanding market.

Under the proposal, the Department of Health would limit medical cannabis production to 1,750 mature plants for each licensed producer.

The prior 450-plant limit was struck down this year in response to a lawsuit by the state's largest seller and the mother of a child who is reliant on cannabis oil to treat a form of epilepsy.

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Medical cannabis patients are increasingly exiting registries as their state programs continue to deteriorate following the launch of adult-use sales.

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The U.S. district judge determined New Mexico law doesn’t mandate coverage, and, if it did, such a law would be preempted by federal law.

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New Mexico Bill to Provide Health Insurance for Medical Cannabis Advances

The legislation could further the argument that cannabis has currently accepted medical use despite federal prohibition in the U.S.

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With only seven dispensaries, Rhode Island tops the list with nearly $17 million in annual sales revenue per store. But that will soon change.

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New Mexico

Municipal Optouts Topstory14 Newmexico

These 23 States, DC Collected $2.9 Billion in Cannabis Excise Tax Revenue in 2023

While Washington levies the highest excise tax rate in the nation, its cannabis revenue didn’t represent the highest percent of its total state tax revenue.

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Bright Green Corp. Submits DEA Registration For Production of Schedule I, II Controlled Substances

The application follows the company’s approval from the New Mexico Board of Pharmacy this year.

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New Mexico Regulators Revoke Licenses for 2 Cannabis Growers, Issue $1 Million Fines to Each

Bliss Farm and Native American Agricultural Development Co. in Torrance County exceeded their licensed plant limits, according to state officials.

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Stone Road Farms Partners With Stash House for New Mexico Expansion

Executives from both businesses say a strong partnership was essential to bringing Stone Road’s California-based brand to New Mexico’s rapidly growing market.

Founded in 2016 by Lex Corwin, Stone Road Farms produces sun-grown flower on a 57-acre, off-grid biodynamic farm in Nevada City, Calif.

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Here’s the full breakdown of which states legalized through ballot measures versus legislative action and their taxation structures, including the most recent to join the list -- Ohio.

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New Mexico Regulators Work to Bring Cannabis Businesses Into Tax Compliance

The New Mexico Taxation and Revenue Department began contacting dispensary licensees over the summer to notify them that they had failed to file one or more tax returns since registering with the department.

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New Mexico, Montana Continue Breaking Cannabis Sales Records; Among Best Performing Markets in Nation

The emerging adult-use programs are outdoing their legalization peers on a per-capita sales basis.

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