Medical program participation rapidly approaching 65,000 qualified New Mexicans
(Albuquerque) – The number of patients certified for the medicinal use of cannabis in New Mexico reached 58,211 as of July 31, 2018, according to data released by the New Mexico Department of Health. The one month gain of 3,354 patients represents the single-biggest month of patient enrollment since April of 2017.
Continue reading “New Mexico Cannabis Program Sees Biggest Enrollment Jump In 14 Months”
Two licensed producers generate half of New Mexico’s cannabis industry growth
(Albuquerque) – The 35 commercial producers in New Mexico surpassed $51 million in patient sales for the first six months of 2018, according to data submitted to the New Mexico Department of Health (NMDOH). The retail patient revenue for the first six months is an increase of 27 percent over the same period in 2017.
Five providers in the state were responsible for 78 percent of the revenue increase from the first six months of 2018 over the comparable period in 2017, while two of the five producers accounted for nearly 50 percent of the industry’s total growth.
Continue reading “New Mexico Medical Cannabis Program Surging Toward $100 Million in 2018”
Majority of counties experience double-digit enrollment growth in the first six months of 2018
(Albuquerque) – New Mexico’s Medical Cannabis Program has 54,857 active patients enrolled as of June 30, 2018. This is an 18 percent increase since December 31, 2017, according to data from the New Mexico Department of Health (NMDOH). The program is growing at an annualized rate of 36 percent and is expected to serve more than 60,000 patients by the end of 2018.
The following counties with at least 500 cardholders have experienced the fastest growth rates since the beginning of the year:
* Counties currently served by Ultra Health. The provider is awaiting designation from NMDOH for two new locations in Dona Aña County in Sunland Park and Las Cruces.
Despite regulatory challenges, the program is continuing its accelerated pace into the first six months of 2018.
“In any other industry, exponential growth rates would be looked upon positively and bureaucrats would be scrambling to support the future,” said Duke Rodriguez, CEO and President of Ultra Health®. “Fortunately, despite regulatory impediments the cannabis industry has emerged because of broad public support at a grassroots level.”
Forecasts show the industry’s revenue for the first six months of 2018 is projected to reach over $50 million, an increase of 25 percent over the first six months of 2017. Ultra Health expects to lead all licensed producers with $7.7 million in sales for the first half of the year, an increase of nearly 80 percent over the same period.
More data on the Medical Cannabis Program’s first six months of 2018 will be available after quarterly reports are submitted to NMDOH by the July 16, 2018 deadline.
Judge David K. Thomson rules NMDOH sanction is arbitrary and capricious
(Santa Fe) – District Judge David. K Thomson reversed the New Mexico Department of Health (NMDOH) sanction against medical cannabis provider Ultra Health for bringing a single seedling to the New Mexico State Fair in September 2016.
The order, released May 29, 2018, reversed the NMDOH sanction which attempted to force Ultra Health to close for five consecutive days, which also included April 20, the single busiest cannabis sales day of the year.
Continue reading “New Mexico Judge Rejects NMDOH Sanction For Seedling At State Fair”
Twenty counties see more than 40 percent increase in patient enrollment year-over-year
(Albuquerque) – New Mexico’s Medical Cannabis Program enrollment reached 53,585 patients as of May 31, 2018, an increase of 15 percent or nearly 7,000 patients since the beginning of the calendar year.
According to data from the New Mexico Department of Health (NMDOH), the breakdown for all 33 counties showed an increase of 42 percent from May 31, 2017 to May 31 2018.
Continue reading “New Mexico Medical Cannabis Program Adds 7,000 Patients In Five Months”
New 2018 poll shows elevated support for legalization and above national averages
(Albuquerque) – Sixty-three percent of New Mexicans support the legalization of cannabis for social use, according to a new survey conducted by Research & Polling Inc.
The survey shows New Mexicans support the legalization of cannabis above the national average, which was reported at 61 percent in January 2018.
A remarkable finding from the new survey is New Mexicans are solidifying their stance on cannabis legalization, as 46 percent now strongly support cannabis legalization compared to 40 percent in the 2016 survey.
Both the 2016 and 2018 studies were completed by Research & Polling Inc., New Mexico’s largest full-service market research and public opinion research company. Headed by Mr. Brian Sanderoff, President, the company has a wide variety of national and New Mexico clients.
The percentage of New Mexicans in favor of cannabis legalization jumped even higher to 67 percent when told the tax money from legalization would be funneled into healthcare and drug and alcohol rehabilitation programs.
Forty-five percent of New Mexicans believe public school education should be the highest priority for how additional state revenue from cannabis legalization is used, followed by drug and alcohol education and rehabilitation programs and law enforcement at 18 percent and 17 percent, respectively.
The category with the most fluctuation from the 2016 survey was law enforcement, with 8 percent of respondents choosing law enforcement as their top priority in 2016 compared to 17 percent today. This is a reflection of New Mexicans’ growing concerns about crime in the state.
In addition, 78 percent of New Mexicans support The Lynn and Erin Compassionate Use Act, which legalized cannabis for medicinal use in 2007. This is up from the 71 percent approval rating in 2016.
The rapid enrollment trends seen in New Mexico’s Medical Cannabis Program show no signs of stopping, as 10 percent of New Mexicans reported they were very likely and another 6 percent said they were somewhat likely to apply for a medical cannabis card in the next two years.
This realistically translates to an additional 100,000 patients in the program on top of the current enrollment of 52,260 patients.
Roughly 1.6 million adults live in New Mexico as of July 1, 2017, and thus 16 percent of adults equates to an additional 255,245 cardholders by 2020, given their survey response to “likelihood of applying to the New Mexico Medical Cannabis Program in the next two years.” These numbers do not include those patients who already have a medical cannabis card.
Although many people claim they are likely to take part in a certain program or activity, fewer actually do so for various reasons, which is typical in survey research.
The increasing number of patients enrolling in the program coupled with 16 percent of New Mexicans who are likely to apply for a card in the next two years only deepens the need for an adequate supply of cannabis statewide.
A press conference to discuss the survey’s findings with the media will be held at 10:30 a.m. Tuesday, May 22 at the New Mexico State Capitol. Brian Sanderoff of Research and Polling Inc., the Drug Policy Alliance, Ultra Health, and Representative Javier Martinez will be in attendance.
New poll indicates more than 255,000 New Mexicans “likely” to join cannabis program
(Albuquerque) – Patient enrollment in New Mexico’s Medical Cannabis Program reached 52,260 as of April 30, 2018, a gain of nearly 6,000 patients since the beginning of the year.
Enrollment is increasing at an annualized rate of 36 percent and is estimated to reach 65,000 patients by the end of 2018.
The accelerated pace of medical cannabis enrollees is showing no signs of slowing down, as 16 percent of adults in New Mexico said they were likely to apply for a medical cannabis card in the next two years, as part of a broader poll on legalization conducted by Research & Polling Inc., set to release later this month.
Continue reading “New Mexico Medical Cannabis Program To Reach 65,000 Patients By Year End”
Enrollment up 46 percent, patient sales up only 27 percent, restrictions on supply dampens sales
(Albuquerque) – The New Mexico Medical Cannabis Program patient revenues from the first quarter of 2018 reached a new quarterly record of $24.1 million, an increase of 27 percent over the first quarter of 2017 according to new reports released by the New Mexico Department of Health (NMDOH).
For the third consecutive year, Ultra Health, New Mexico’s #1 Cannabis Company, led all 35 licensed producers with more than $3.7 million in patient sales in the first quarter, which is a whopping 90 percent higher than its revenues in the first quarter of 2017.
Continue reading “New Mexico Cannabis Program On Pace To Break $100 Million”
Single day sales exceeded $1.1 million and over 16,500 patients served statewide
(Albuquerque) – New Mexico’s Medical Cannabis Program sold a record $1.1 million worth of cannabis on Friday, April 20, which is known around the world as a day to celebrate and honor the use of cannabis. Ultra Health, New Mexico’s #1 Cannabis Company, finished the day with over $150,000 in sales, an 84 percent increase over the previous year’s holiday.
More than 16,500 patients were served statewide out of the 50,954 active cardholders reported by the New Mexico Department of Health as of March 31, 2018.
Continue reading “New Mexico Medical Cannabis Program Tops Previous Records On 420”
Ultra Health acquires 200 acres in southern New Mexico for large-scale cannabis cultivation
(Albuquerque) – Ultra Health, New Mexico’s #1 Cannabis Company, acquired 200 acres of farmland in Otero County, New Mexico to support the state’s growing medical cannabis program. At over 8.7 million square feet, the campus will be the largest cannabis cultivation facility in North America.
The new cultivation site also anticipates the legalization of cannabis for social use and large-scale hemp production in New Mexico. The facility will have the capacity to accommodate other New Mexico licensed producers and adjust to market and regulatory demands.
Continue reading “Cannabis Provider Unveils New Major Cultivation Facility In New Mexico”
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