Ultra Health leads major economic development with $7.2 million capital expansion project

(Albuquerque) – Ultra Health, New Mexico’s #1 Cannabis Company, leads all 34 cannabis producers with $9.2 million in patient revenue for the first six months of 2019. Total patient sales in New Mexico’s Medical Cannabis Program reached $59.5 million for the first six months of 2019, according to data submitted by the New Mexico Department of Health (NMDOH). 

Ultra Health has continued its dominating lead in the state’s medical cannabis program and plans to invest more capital for expansion efforts statewide. The provider is a committed, economic growth driver with 17 stores and more than 150 employees in New Mexico. Ultra Health has already expended $3.5 million in capital for the first half of the year and will continue its efforts with the completion of a $7.2 million capital expansion project by year end. 

Continue reading “New Mexico Medical Cannabis Industry First Six Months Up 17% Over Last Year”

Enrollment increases expected to continue amid substantial program changes

(Albuquerque) – Participation in New Mexico’s Medical Cannabis Program reached another milestone last month, reaching 74,100 patients by June 30, 2019. These enrollment figures represent a 35% increase over patient enrollment in June 2018, according to data released by the New Mexico Department of Health (NMDOH). 

The program has experienced monumental, year-over-year growth for the last three years. While patient enrollment is likely to continue its upward trend due to expanded eligibility and patient retention initiatives, available medicine statewide continues to fall behind patient demand. The shortage will likely be exacerbated as the industry begins to bolster under new program changes. 

Continue reading “New Mexico Medical Cannabis Program Nears 75,000 Patients”