New Mexico Medical Cannabis Program Revenue Hits New Record

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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New Mexico Lawsuit Filed to Ensure Adequate Supply of Medical Cannabis

Medical cannabis caregiver and licensed producer initiate legal battle for adequate supply

(Albuquerque) – Nicole Sena, a medical cannabis caregiver to her infant daughter with a rare form of epilepsy, and New Mexico Top Organics-Ultra Health Inc., filed a complaint against the New Mexico Department of Health (NMDOH) on Tuesday on the basis that the Medical Cannabis Program’s 450 plant count is causing direct and immediate harm.

Due to the restrictive plant count, producers are unable to supply Sena with medicine her daughter desperately needs. The lawsuit addresses a long standing complaint by patients for the lack of available medicine. The parties believe court intervention is needed to ensure the NMDOH meets its statutory obligation.

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Cannabis Producers pay $2.76 Million by Deadline

While fees remain high, plant count restriction limits available medicine

(Albuquerque) – The 35 Licensed Non­Profit Producers (LNPPs) of New Mexico’s fully patient-­funded and self-­supporting Medical Cannabis Program paid $2.76 million in fees to the New Mexico Department of Health (NMDOH) Monday, according to a report released from the NMDOH.

The fees were for a total of 13,800 plants, which serve the state’s 26,568 medical cannabis patients as of June 30, 2016. The current ratio of plants per patient is one half of a plant per patient in New Mexico, while other states such as Colorado approve 6 plants per patient for medical cannabis producers, according to the Colorado Department of Revenue’s 2015 annual update. On average, 300,000 to 320,000 medical cannabis plants were cultivated each month in Colorado.

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Ultra Health Denied New Mexico True Certification

Medical cannabis denied participation to state tourism program

(Albuquerque) – Ultra Health, a regional medical cannabis leader, has been denied from
becoming an industry partner with the state’s New Mexico True Certified program.

The program brings national attention to the quality, care and craftsmanship behind products that
are uniquely New Mexican. True Certified products must be manufactured in New Mexico.
Plant-­based products must use plants or non-­meat agricultural products originating from New
Mexico with proper traceable documentation.

All of Ultra Health’s medical grade cannabis products sold in New Mexico are produced in the
state and therefore fully meet the criteria to be considered for the program.

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Ultra Health Opens Sixth Location in New Mexico

NM’s largest medical cannabis company committed to opening additional rural locations

(Albuquerque) – Ultra Health, a national medical cannabis leader with a large New Mexico presence, is opening its sixth location on June 22, 2016 in Albuquerque, making it the largest medical cannabis operator in the state. The new Albuquerque Westside location is a 1,200 square foot facility located at 5515 Coors Blvd NW Suite A.

This location will be Ultra Health’s third dispensary in the metro Albuquerque area – with two others in Albuquerque’s Northeast and Nob Hill area. Three other Ultra Health dispensaries are located in the communities of Santa Fe, Bernalillo and Hobbs. The Albuquerque Westside dispensary would mark Ultra Health’s sixth New Mexico location.

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Cannabis Company Denied Sponsorship at Albuquerque International Balloon Fiesta

Ultra Health, New Mexico’s largest medical cannabis company, denied balloon presence

(Albuquerque) – Ultra Health®, a national medical cannabis leader with a large New Mexico presence, is denied sponsorship for the Albuquerque International Balloon Fiesta® (AIBF), the largest balloon event and most photographed event in the world.

In a letter received on June 16th, 2016 from Paul Smith, Executive Director of the AIBF, “…several members of the Board related stories of how their patients or members of their family had received great results from medical cannabis. Most of the Board agreed that medical cannabis should be considered a mainstream pharmaceutical.” However, the Board declined Ultra Health’s sponsorship request.

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Ultra Health Announces Cannabis Joint Venture with Panaxia, an Israeli Pharmaceutical Company

(ALBUQUERQUE, New Mexico) – Ultra Health, the largest and leading medical cannabis operator in New Mexico, has announced a joint venture with Panaxia Ltd, a pharmaceutical company based in Israel.  Israel is recognized as the global center for cannabis-related research.  The firms concluded an agreement after a 14-month negotiation and due diligence process.  Panaxia will be providing smokeless proprietary cannabinoid dosage and treatment protocols not readily available in the U.S. in order to manufacture state-of-the-art products to treat a number of illnesses.  The two companies will be building a production facility that implements Panaxia’s technology including advanced validated analytical systems and Good Manufacturing Practices (GMP) production protocols.
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Ultra Health Announces Opening of Fifth Medical Cannabis Dispensary – Historic Route 66 Location

Albuquerque, New Mexico (March 25, 2016) – Today, Ultra Health specializing in medical grade cannabis, with cultivation, production, retail centers and operations in New Mexico, Arizona and Nevada has announced the grand opening of their fifth newest dispensary – formerly the Birdland – Hippie Store location in the beautiful Nob Hill neighborhood of Albuquerque, New Mexico and on the historic Route 66 trail.  The location is within walking distance of the University of New Mexico main campus.
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Las Vegas Paiute Tribe Breaks Ground for Medical Cannabis Dispensary in Downtown Las Vegas

(Las Vegas) – Today, the Las Vegas Paiute Tribe, a federally-recognized sovereign nation, announced plans for the development of a medical cannabis dispensary at the Las Vegas Paiute Indian Colony in downtown Las Vegas, with a complementary cultivation/production facility and satellite dispensary at the Snow Mountain Indian reservation in the northwest Las Vegas Valley.
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