Ultra Health suit against the New Mexico Department of Health regarding distribution locations stands
(Albuquerque) – Ultra Health, New Mexico’s #1 Cannabis Company, received a favorable ruling from the New Mexico Court of Appeals on July 22, 2021, affirming the decision made in the Thirteenth Judicial District in October 2018.
Ultra Health filed a petition for an alternative writ of mandamus in August 2018 after the New Mexico Department of Health (NMDOH) refused to designate the operator’s additional dispensary locations.
Continue reading “New Mexico Court of Appeals Affirms Favorable Writ of Mandamus Ruling”
Robert Nott / Santa Fe New Mexican
Published on April 3, 2021
At 62, Duke Rodriguez is still running.
Not like he did in high school some 45 years ago, but as president and CEO of New Mexico Top Organics-Ultra Health, the state’s largest medical cannabis operation with annual sales in the $40 million range.
The business, which has 25 facilities around the state, employs about 250 people. And Rodriguez — who has poured hundreds of thousands of dollars into state legislative races to support cannabis-friendly lawmakers — plans to move into the retail cannabis business as soon as possible.
Continue reading “Legal cannabis advocate celebrates win in New Mexico”
New Mexico’s #1 Cannabis Company and MPG Consulting forecast $783 million total cannabis market
(Albuquerque) – Ultra Health, New Mexico’s #1 Cannabis Company, released the most comprehensive cannabis demand report for the New Mexico adult-use and medical cannabis markets seen to date. The analysis recommends more than twice the number of plants the New Mexico Regulation and Licensing Department (RLD) has suggested for commercial cannabis cultivation.
The report, prepared by MPG Consulting out of Denver, Colorado, estimates the total New Mexico cannabis market will reach $782.7 million by 2026 if regulations supporting a robust cannabis market are promulgated.
The extensive analysis outlines several cannabis market demand factors including market sizing, cannabis use trends, cannabis price trends, market dynamics, illicit and regulated market share, plant count allocations, average yields per plant harvested, harvest cycles, production control systems in other states, license distribution in other states, and New Mexico-specific recommendations.
Continue reading “Ultra Health and Leading Cannabis Consulting Firm Release Demand Report”
New Mexico’s #1 Cannabis Company submits brief in monumental case that will shape cannabis policy
(Albuquerque) – Ultra Health, New Mexico’s #1 Cannabis Company, submitted an Amicus Brief to the New Mexico Supreme Court on June 18, 2021, demonstrating the legal basis for medical cannabis to be taxed exactly like any other prescription medication in the state.
The brief was submitted in support of another licensed cannabis producer’s case that is now pending before the Supreme Court. The producer requested a refund in 2014 for New Mexico gross receipts taxes paid on medical cannabis, claiming medical cannabis should be untaxed and treated like any other prescription in the state. The New Mexico Tax and Revenue Department (TRD) denied the claim, as did a Hearing Officer in an internal administrative proceeding. The cannabis producer appealed the Hearing Officer’s ruling to the New Mexico Court of Appeals.
Continue reading “Ultra Health Files Brief on Cannabis Taxation Case Before the Supreme Court”
Stephen Hamway / ABQ Journal Staff Writer
Published on June 8, 2021
New Mexico’s largest medical cannabis company is growing even larger as the recreational market draws near, with help from a little-known provision in state guidance.
Sale of recreational cannabis, approved by lawmakers and Gov. Michelle Lujan Grisham earlier this year, is scheduled to begin no later than April 2022, although some regulations are still being worked out at the state level.
Continue reading “Ultra Health plans explosive growth”
MJ Biz Daily
Published on June 2, 2021
New Mexico cannabis producer and retailer Ultra Health is spending more than $20 million to expand in anticipation of the state’s upcoming adult-use market.
The Albuquerque-based company said in a Tuesday news release that the expansion will be funded by working capital cash reserves and will include:
- A 28-acre parcel of land with a 225,000-square-foot building in southern New Mexico with room for “production, warehousing, R&D, maintenance, and office space.”
- A 50,000-square-foot distribution building located one hour south of Albuquerque. The facility is intended “to help distribute cannabis to Southern and Southeastern New Mexico, where demand is projected to be greater than other areas of the state.”
- Expanded outdoor cultivation capacity at a site in Tularosa, New Mexico, involving the acquisition of 150 additional acres of farmland.
In a statement, Ultra Health CEO and President Duke Rodriguez characterized the expansion as part of an effort to meet demand for both medical and recreational cannabis consumers.
“Licensees will need to deploy substantial energy and capital to ensure the proper handling of cannabis products from seed to sale, which includes a level of physical infrastructure the state and the entire industry has yet to see or fully appreciate,” Rodriguez noted.
Ultra Health said it spent more than $12 million on expansion activities in 2020, including building a new greenhouse in Bernalillo, New Mexico, and buying a new state headquarters in Albuquerque.
By the end of this year, the company said, it will have a retail presence in 28 of New Mexico’s 33 counties.
New Mexico’s #1 Cannabis Company expands infrastructure, operations to prepare for adult-use cannabis
(Albuquerque) – Ultra Health, New Mexico’s #1 Cannabis Company, has officially broken ground on multiple capital expansion projects in New Mexico to ready the state for the onset of commercial cannabis activity under the Cannabis Regulation Act, effective June 29, 2021.
The provider has multiple contracts in place to expand retail, production, manufacturing, and distribution operations to several regions across the Land of Enchantment, including operations in Bernalillo County, Sandoval County, Socorro County, and Otero County. Ultra Health’s retail presence will span 28 of New Mexico’s 33 counties by the end of 2021.
Continue reading “Ultra Health Deploys Capital Expansion Projects in Several Regions Across the State”
Little evidence provided to support proposed rules that include limits on production, licensing fees
(Santa Fe) – The New Mexico Regulation and Licensing Department (RLD) released the first set of draft rules to govern the state’s commercial cannabis activity, including the administration of the Medical Cannabis Program and adult-use cannabis activities, on Tuesday.
The rules include provisions on requirements for licensure, limits on production for cannabis producers, annual license fees, and per-plant fees.
Specifically, the rules outline predeterminations for cannabis producer license types under the following classes:
- Level 1: 201 – 2,500 mature cannabis plants;
- Level 2: 2,501 – 3,500 mature cannabis plants; and
- Level 3: 3,501 – 4,500 mature cannabis plants.
Continue reading “New Mexico State Agency Releases Draft Rules for Commercial Cannabis Activity”
Program momentum continues as April marks single-biggest cardholder gain in the last 12 months
(Albuquerque) – Patient enrollment in New Mexico’s Medical Cannabis Program reached 115,732 patients as of April 30, 2021, according to recent data released by the New Mexico Department of Health (NMDOH). This represents an increase of 25,810 patients or 29% over April 2020 enrollment.
Along with the enrolled patients, the program is serving 9,781 reciprocal participants, according to data released by NMDOH.
Continue reading “New Mexico Medical Cannabis Program Approaching 125,000 enrollees”
Sam Gilbert for the Santa Fe New Mexican
Published on May 8, 2021
CLAYTON — As Ernest Sanchez grew up in this small town, the place was full of life.
“When I was a kid, all these places were open,” Sanchez, 67, said while driving past a series of old red-brick buildings toward the center of Clayton.
“That used to be a drug store,” he said, pointing to a large building a few blocks from the train tracks. “It had one of those old soda fountains. You’d sit at the counter, get a Coke or an ice cream while Mom and Dad did the shopping.”