Despite high license fees, low plant count and delayed patient cards, may hit $48 million for year
(Albuquerque) – The Medical Cannabis Program’s total patient revenues for the first six months ended June 30, 2016 exceeded $21.8 million, representing a whopping 67 percent increase over the same period in 2015. The medical cannabis industry is on pace for a record setting year of $48.4 million.
Four providers, including Ultra Health®, had patient sales over $1 million in the second quarter alone, which is an industry first. The top 10 providers account for nearly three-quarters of total medical cannabis six month revenues in New Mexico. Ultra Health® was the top gainer for the second quarter with revenues up by 58.2 percent.
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