November brings high hopes for cannabis legalization

November is shaping up to be a very exciting time for cannabis advocates. Hundreds of millions of Americans will be casting their vote for President November 8, while over 25 percent of the country will be voting on social and medical cannabis propositions.

The most exciting part? Legalization is leading in nearly every state where it is on the ballot. Even more exciting? If all states with legalization on the ballot approve, a quarter of the United States will be free from cannabis prohibition and 62 percent will live in states with medical programs.

Here’s where each state stands on legalization this upcoming election.

 

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New Mexico Medical Cannabis Sales Up 56 Percent, Patients Up 74 Percent

Producer revenues increase, while total sales significantly lag behind patient growth

(Albuquerque) – Of the 23 Licensed Non-Profit Producers (LNPPs) who were operating throughout fiscal year 2016, over two-thirds experienced double-digit revenue growth.  Four producers experienced negative growth, and three others were essentially flat during the period.

Total industry revenues from fiscal year 2015 to 2016 increased by $14.1 million, resulting in a $39 million total and a growth of 56 percent. Sales lagged behind patient growth, as patient numbers increased from 15,265 to 26,568, by 74 percent, for the same period.

“The industry is doing as much as it can to keep providing patients with the medicine they need,” said Duke Rodriguez, CEO and President of Ultra Health®. “But, it has become clear as sales significantly lag behind patient growth, there is not an adequate supply of medicine. Patients may be forced to go outside the licensed program and look to the black market for their needs.”

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New Mexico Medical Cannabis Program Grows To 31,000 Patients

Senate passed bill to increase plant count, special session ended with no House vote

(Albuquerque) – Patients in New Mexico’s Medical Cannabis Program reached 30,877 at the end of the third calendar quarter, a 4,309 increase from June 30, 2016. This increase is twice the amount of patients that were added to the program in the same quarter in 2015. Additionally, the program has seen a 76 percent patient growth increase over the past year.

Bernalillo and Santa Fe remain the two largest counties by patient population with 11,396 and 4,070 enrolled patients, respectively. Every county, excluding Harding and Union counties, experienced a double-digit increase in patients in the third calendar quarter. Growth continues to accelerate particularly in the southern and southeastern parts of New Mexico including Dona Ana, Lea, Chaves, Grant and Eddy counties. Nearly 3,200 patients are living in rural counties without a full time dispensary.

“The gap between the growing number of patients and the amount of available medical grade cannabis is widening,” said Duke Rodriguez, CEO and President of Ultra Health®.

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