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US States > New Mexico | Cannabis Business Times
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New Mexico
New Mexico Cannabis Businesses Ask Judge to Halt New Track-and-Trace System
State licensees are seeking injunctive relief over New Mexico’s planned rollout of a replacement seed-to-sale system they say is not proven.
Cannabis Business Leans on Schedule III Listing, Asks US Tax Court to Recognize 280E Refunds for Prior Years
The IRS can’t dispute that medical cannabis falls outside the meaning of Schedule I or II ‘without contradicting the president, the acting attorney general and HHS,’ the company says.
Vireo Growth Closes Acquisition of Schwazze Assets in Colorado, New Mexico
The company acquired 24 dispensaries in Colorado, 21 dispensaries in New Mexico and one manufacturing facility in each state at an assumed share price of $0.661.
5 Former US Attorneys Say No Cannabis Possession Policy Memo Existed Under Biden
The former federal prosecutors indicated there was no Biden-era guidance on prosecuting simple possession for Trump’s DOJ to rescind.
Special Report: The Downfall of Medical Cannabis in 17 Adult-Use Markets
Medical cannabis patients are increasingly exiting registries as their state programs continue to deteriorate following the launch of adult-use sales.
Federal Judge Rules Medical Cannabis Isn’t Covered by Insurance
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.
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.
21 States With the Highest, Lowest Cannabis Sales Per Dispensary
With only seven dispensaries, Rhode Island tops the list with nearly $17 million in annual sales revenue per store. But that will soon change.
New Mexico
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.
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.
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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