Medical Cannabis Program Continues Growth in Third Quarter

Supply remains in jeopardy as patient enrollment increases at double the rate of industry sales

(Albuquerque) - The 35 licensed commercial producers in New Mexico’s Medical Cannabis Program brought in a record $22.1 million for the third quarter of 2017, an increase of 4 percent from the second quarter.

Patient enrollment increased by over 10 percent, from 44,403 to 48,861, during the same quarterly period.

Continue reading "Medical Cannabis Program Continues Growth in Third Quarter"

Medical Cannabis Provider Sets New Single Month Record

New Mexico industry leader reaches over one million dollar sales in single month

(Albuquerque) - Ultra Health, New Mexico’s #1 Cannabis Company, achieved $1.1 million in sales for the month of September 2017, the highest single month revenue ever recorded by a New Mexico cannabis provider. It is the first time a licensed New Mexico producer has achieved greater than $1 million for a single month. There are currently 35 licensed commercial medical cannabis producers in New Mexico serving nearly 50,000 patients.

Ultra Health recently opened its eighth location serving six New Mexico counties and became the nation’s largest vertically integrated solely medical cannabis provider.

“The milestone achieved is a direct reflection of how the New Mexico Medical Cannabis Program is sustaining its upward momentum,” said Duke Rodriguez, CEO and President of Ultra Health®. “We remain committed to providing every patient in every county equal access to safe, affordable and convenient medicine. The continued growth of the industry is fully dependent on new products, patients and locations being successfully integrated.”

Patients have responded favorably to Ultra Health’s new pharmaceutical-grade, smokeless medicinal products which include sublingual and oral tablets, vaginal and rectal suppositories, oils, topicals, pastilles and patches.

“We are dedicated to enhancing patient choice, which means giving all patients the healthy advantages of purchasing accurately dosed medications with varied delivery methods, much like you would purchase from your neighborhood pharmacy,” Rodriguez said.

As of September 30, 2017 the New Mexico Department of Health reported 48,861 medical cannabis patients enrolled in the program. Currently, thousands of patients still reside in 14 counties without a full time dispensary. New Mexico is the 5th largest state by area which makes rural access challenging but essential for improved health.  

New Mexico’s medical cannabis industry is expected to reach $90 million in revenue by the end of the current year and hit $205 million by 2020.

Medical Cannabis Provider Denied Advertising on City Transit

City of Albuquerque cites funding concerns for denying advertising to state-licensed business

(Albuquerque) - Ultra Health, New Mexico’s #1 Cannabis Company, has been denied the opportunity to advertise on the ABQ Ride Buses due to concerns about losing federal funding.

Ultra Health is one of the 35 medical cannabis providers licensed by the New Mexico Department of Health, and its operations are completely legal under the Lynn and Erin Compassionate Use Act.

In a letter sent September 13, the city’s legal counsel believed it would lose federal grants which are used to fund ABQ Ride Buses because it is illegal on the federal level to advertise a Schedule I substance.

In response to the city’s letter, City Councilman Pat Davis sent the Federal Transit Administration a letter asking for clarification on the legality of advertising medical cannabis in New Mexico as it is legal pursuant to state law.

“I believe that the patients who rely on medical cannabis to treat their debilitating medical conditions will benefit from the goods and services of licensed producers being advertised,” Councilman Davis states in the letter. “Competition in the marketplace is to be encouraged, and advertising is part of encouraging a thriving market will emerge in New Mexico.”

Ultra Health submitted bus design

The provider’s submitted advertising design does not violate any of the transit agency’s policies or contain any cannabis imagery.

Currently, the ABQ Ride Bus Advertising policy states advertising content will not be displayed that:

  • Is false, misleading, or deceptive,
  • Relates to an illegal or unlawful activity,
  • Advertises alcohol or tobacco products,
  • Depicts violence and/or anti-social behavior, or
  • Includes language, which is obscene, vulgar, profane and scatological.

Ultra Health submitted bus design

In 2016, The San Francisco Municipal Transportation Agency allowed a cannabis campaign to advertise on its buses. The agency is federally funded and did not report losing grants due to the campaign.

It is unknown whether any other transit agency or organization has lost federal funding by allowing state-licensed and legally operating cannabis business to advertise their service or products.

Ultra Health Opens Eighth Location, Now in Six N.M. Counties

New Mexico provider becomes nation’s largest vertically integrated medical cannabis network

(Alamogordo) - Ultra Health, New Mexico’s #1 medical cannabis company, will officially open its eighth location in Alamogordo, N.M., on Tuesday, August 29. The eighth location will also make Ultra Health the nation’s largest vertically integrated, seed-to-sale medical cannabis network in the country.

 

The opening comes after a long-awaited inspection from the New Mexico Department of Health (NMDOH). Ultra Health initially submitted its amendment to open a dispensary in Alamogordo in May of 2016. There are currently more than 45,000 enrollees in the state’s medical cannabis program.

Continue reading "Ultra Health Opens Eighth Location, Now in Six N.M. Counties"

New Mexico Medical Cannabis Providers Pay $2.93 Million for 14,550 Plants

Licensed plants increased by 5%, patient enrollment projected to be up 150% for same period

(Albuquerque) - The 35 Licensed Non-Profit Producers (LNPPs) licensed a total of 14,550 plants through July 31, 2018, an increase of 750 plants or 5 percent since August 1, 2016, while the program’s enrollment is expected to grow by more than 42,000 patients or 150 percent for the same period. Continue reading "New Mexico Medical Cannabis Providers Pay $2.93 Million for 14,550 Plants"

New Mexico Medical Cannabis Provider Hits Millionth Gram Milestone

Patient given free medicine for one year for buying Ultra Health’s millionth gram of flower

(Albuquerque) - Ultra Health, New Mexico’s No. 1 cannabis company with a nationwide presence, is celebrating its millionth gram of cannabis flower sold in New Mexico by providing one patient with free medicine for one full year.

The patient, from Ultra Health’s Albuquerque Westside location, will receive up to 10.5 grams of medical cannabis flower per week for 52 consecutive weeks to commemorate the provider’s milestone achievement.

Continue reading "New Mexico Medical Cannabis Provider Hits Millionth Gram Milestone"

New Mexico Medical Cannabis Program Sees Record Patient Growth

Patient enrollment continues exponential growth; plants and revenues lag behind

(Albuquerque) – The New Mexico Medical Cannabis Program’s patient enrollment has seen its fastest growth yet, climbing by 15,357 patients or 53 percent in the first six months alone of 2017. The 44,403 current program enrollment is on track to increase by an annualized rate of 103 percent, to nearly 60,000 patients by December 31, 2017.

Continue reading "New Mexico Medical Cannabis Program Sees Record Patient Growth"

Smokeless Medical Cannabis Products Released in New Mexico

The state’s largest medical cannabis company releases first-ever pharmaceutical grade products

(Albuquerque) - Ultra Health, New Mexico’s #1 medical cannabis company with a nationwide presence, has released the first pharmaceutical grade, accurately dosed medical cannabis products to the New Mexico market. The products provide reliable and easy-to-administer dosages of medical cannabis, which has been effective in treating a variety of ailments ranging from PTSD to cancer to chronic pain to epilepsy to Parkinson’s disease, among others.

Continue reading "Smokeless Medical Cannabis Products Released in New Mexico"

Ultra Health Files Freedom of Speech Lawsuit

Federal suit filed against EXPO New Mexico officials under First and Fourteenth Amendments

 

(Albuquerque) - New Mexico Top Organics-Ultra Health filed a complaint against three EXPO New Mexico officials for unconstitutional attempts to limit the company’s rights to display a cannabis educational and informative booth at the New Mexico State Fair in 2017.

 

Because EXPO New Mexico is a government entity and the New Mexico State Fair a public forum, restricting Ultra Health’s ability to educate the public and advocate on behalf of medical cannabis violates the First and Fourteenth Amendments, the lawsuit contends.

Continue reading "Ultra Health Files Freedom of Speech Lawsuit"

New Mexico Medical Cannabis Program Surpasses 40,000 Patients

Patient enrollment sees biggest reported month to month jump in program history

(Albuquerque) – The Medical Cannabis Program’s patient enrollment reached 40,432 patients as of April 30, 2017, an increase of more than 5,500 patients since March according to the New Mexico Department of Health (NMDOH). The program is on track to enroll nearly 60,000 patients by the end of 2017.

March to April was the biggest month to month increase the program has seen since its inception in 2007. The number of patients enrolled in the program has increased by 84 percent since March 31, 2016 (NMDOH did not issue a patient statistics report for the month of April 2016). First quarter revenues in 2017 reached $19 million, with year-end revenues expected to reach $83.5 million.

Continue reading "New Mexico Medical Cannabis Program Surpasses 40,000 Patients"