Regional analysis shows programmatic inefficiencies, N.M. patients face higher prices due to plant cap

(Albuquerque) – Combined patient sales from the 34 licensed producers in New Mexico’s Medical Cannabis Program totaled $40.1 million for the first quarter of 2020, an increase of $12 million or 43% over reported patient sales in the first quarter of 2019. Ultra Health topped all producers with $6.1 million in patient sales for the first quarter.

New Mexico’s top 10 cannabis providers accounted for 71% of total patient sales. 

The program enrolled 85,168 patients as of March 31, 2020, an increase of 20% over March 2019 enrollment. A total of 6,128 pounds of cannabis flower was sold to patients during the first three months of the year, representing an increase of 30% over total pounds sold in the first quarter of 2019. 

Continue reading “New Mexico Medical Cannabis Program sees record pace in first quarter of 2020”