Month: November 2020

Month: November 2020

New Mexico Medical Cannabis Enrollment Surpasses 100,000 Patients Statewide

Posted on by Marissa

Despite record milestone, cultivation limits prevent adequate supply and increase costs of medicine for patients

(Albuquerque) – Patient enrollment in New Mexico’s Medical Cannabis Program reached 100,021 patients as of October 31, 2020, according to data released by the New Mexico Department of Health (NMDOH). This represents an increase of 21,659 patients or 28% over October 2019 enrollment. Patients choose Ultra Health as their preferred cannabis provider 5 to 1. The operator has 21 locations statewide. 

New Mexico currently has a patient penetration rate of 6% of all adults. Enrollment in the program has substantial room to grow, as neighboring Oklahoma has a patient penetration rate of 12% of adults statewide. 

Continue reading “New Mexico Medical Cannabis Enrollment Surpasses 100,000 Patients Statewide”

New Mexico Medical Cannabis Program on Track to Break $200M Before Year End

Posted on by Marissa

Third-quarter patient sales up 62% over same period last year, COVID-19 continues to impact demand

(Albuquerque) – Combined patient sales from the 34 licensed producers in New Mexico’s Medical Cannabis Program totaled $55 million for the third quarter of 2020, an increase of $21 million or 62% over reported patient sales in the third quarter of 2019. Ultra Health topped all producers in the quarter with $12 million in patient sales.

The program enrolled 98,507 patients as of September 30, 2020, an increase of 27% over September 2019 enrollment. A total of 8,565 pounds of cannabis flower was sold to patients during the third quarter of the year, representing an increase of 41% over total pounds sold in the third quarter of 2019.

The increased demand experienced through the third quarter of 2020 indicates the COVID-19 pandemic continues to exacerbate medical cannabis shortages in New Mexico’s program identified earlier this year.

Continue reading “New Mexico Medical Cannabis Program on Track to Break $200M Before Year End”